In 2016 the Student Housing Investment Market showed an increase of 62% in sales volume and 52% increase in total units sold. Trends for 2017 and 2018 are showing and predicting strongly growing demand. Especially the Southeastern US is trending with more transaction volume than most other parts in the country.
As the number of college-age people in the US is increasing, the demand for student housing appears to be strong for the years to come. Nova Southeastern University reports 75% of students living off-campus and an expected additional 10.000 students within the next 5 years.
With brand new Studios and One Bedroom units starting at only $ 130.000, Main Street Lofts in Davie, FL is purpose-built for investors in the local student housing market. The boutique-style building scheduled to open early 2019 is offering secured lobby/building access, open parking, fitness room, media/billiard room and retail space on the ground floor. All 45 units on 4 floors have a private balcony, washer/dryer in the unit, stainless steel appliances, allow small pets and can be rented out right away, up to two times per year. Monthly HOA fees are extremely low and investor-friendly.
Being only minutes driving away from Nova Southeastern University, Florida Atlantic University and Broward College Davie, Main Street Lofts is ideal for students who prefer boutique-style off-campus living.
Additionally there is increasing demand for Medical Housing with a new hospital scheduled to be built and several other hospitals (Memorial, Cleveland Clinic) in the close vicinity.
The City of Davie, in the heart of South Florida’s Broward County, is currently undergoing a big re-development of their unique, western-themed downtown area. Plans include an upgraded street appearance, new restaurants, shops and entertainment facilities, improvements to famous Bergeron Rodeo Grounds and western-themed events in the future.
For more information about Investment Opportunities in Davie, FL or Main Street Lofts please contact me: Bernhard@IAdoreMiami.com or Tel. 786-530 1545. You can also visit our website: www.MainStreetDavie.com
Bernhard Westermayer, Investment & Hospitality Real Estate Specialist with IAM Real Estate Group / Keller Williams Elite