A quarterly read on apartment leasing, sale activity, and rents across Sarasota and Manatee counties — compiled from closed deals, not asking prices.
One multifamily volume per quarter. New volumes are added here as they're filed.
Volume did the correcting this quarter, not price. Closed sales fell to a 5-quarter low of 193, down nearly 49% year-over-year, but pricing is finding a floor — price per square foot rose for the first time in five quarters. Borrowers are also locking in fixed-rate debt as ARM share on new loans collapsed to just 10%.
Download full report (PDF)23-unit, 51-year-old value-add asset — Insula Companies sold to Hewitt Real Estate Holdings via Marcus & Millichap, the quarter's most prominent named trade.
Cameron Wilson, CCIM is a commercial real estate broker in Sarasota, FL with 25+ years of experience across retail, industrial, and investment sales. The Wilson Report is compiled independently from closed-deal data, brokerage reporting, and public records.
Cam is a broker with Ian Black Real Estate, LLC.