Miami’s investment activity remains sluggish through the first half of 2024

graph of investment activity by asset type in Miami during the first half of each year from 2020 to 2024
  • Economic policy constraints have continued to curb investment activity in Miami across most asset types through the first half of the year.
  • The multifamily sector has experienced the most significant cooldown, with a more than 70% decline in sales volume compared to the first half of 2023.
  • The retail market has witnessed a strong rebound after a four-year transaction volume low in 2023, with a 208% increase in sales transactions, totaling over $400 million during the first two quarters of 2024.

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