Top Performing Commercial Real
Estate Investments in Florida
The commercial real estate market in Florida is constantly evolving, with some asset classes outpacing others in profitability, demand, and appreciation. Whether you're a seasoned investor or looking for your next opportunity, understanding which property types are delivering the highest returns is crucial to making the right investment decisions.
At Signature Realty, we specialize in helping investors capitalize on high-performing CRE sectors, including industrial, multifamily, retail, hospitality, and mixed-use developments. Below, we break down the top-performing commercial real estate asset classes in Florida and why they’re leading the market in 2024.
Industrial Real Estate
Florida’s Hottest
Asset Class
Industrial properties continue to dominate Florida’s commercial real estate market, driven
by e-commerce growth, supply chain expansion, and increasing demand for warehouse
space. With record-low vacancies and rising lease rates, industrial assets offer strong cash
flow and long-term appreciation.
Why Industrial CRE is a Top Performer
-
High Demand, Low Vacancy
Industrial vacancy rates in Miami-Dade & Broward are under 3%, creating a landlord-favorable market. -
E-Commerce & Logistics Boom
Major distribution centers from Amazon, Walmart, and UPS are increasing warehouse demand. -
High Rental Growth
Industrial lease rates in Florida have jumped 20-30% YoY in key submarkets -
Strong Investor Interest
Institutional investors & REITs are purchasing industrial assets at record-breaking cap rates -
Best Markets for Industrial Investment
Miami-Dade, Broward, Jacksonville, Orlando, Tampa.
Florida Industrial Vacancy Rates (2020-2024)
8%
6%
4%
2%
0%
Miami-Dade (3.1% vacancy)
Florida Industrial Lease Rate Growth
$12
$10
$8
$6
$4
2020
2021
2022
2023
2024
Miami ($11.25/sqft)
Orlando ($9.80/sqft)
Multifamily Real Estate
Florida’s Rental
Market Surge
Florida’s population growth & housing demand have made multifamily properties one of
the most resilient asset classes in commercial real estate. Rising home prices and interest rates have pushed more residents into the rental market, fueling high occupancy rates and rent increases across the state.
Why Multifamily CRE is a Top Performer
-
High Rental Demand
Florida is seeing record population migration, driving rent increases of 8-12% annually. -
Workforce Housing is a Goldmine
Affordable multifamily units in secondary & suburban markets are outperforming luxury apartments. -
Low Vacancy Rates
Metro areas like Miami, Tampa, and Orlando have multifamily occupancy rates over 95%. -
Government Incentives
Tax credits & grants are available for affordable housing and workforce development projects. -
Best Markets for Multifamily Investment
Miami, Orlando, Tampa, Jacksonville, Fort Lauderdale.
Multifamily Rental Rate Growth (2023-2024)
Miami
Orlando
Tampa
Jacksonville
Fort Lauderdale
Retail Real Estate
The Resurgence of
High-Performing Locations
Despite past challenges, high-performing retail spaces in Florida are thriving—especially
in high-traffic urban corridors, tourist areas, and mixed-use developments. Investors are
seeing strong tenant demand and rising lease rates in premium locations.
Why Retail CRE is a Top Performer
-
Experiential Retail & Dining Expansion
Consumers are returning to in-person shopping & dining experiences, creating strong leasing demand. -
Grocery-Anchored Shopping Centers are Booming
Essentials-focused retail properties have outperformed big-box locations. -
E-Commerce Proof Locations
Last-mile retail hubs and experiential retail are driving foot traffic & rental increases. -
Tourism-Driven Retail Growth
Miami, Orlando, and Tampa have some of the strongest-performing hospitality retail districts in the U.S. -
Best Markets for Retail Investment
Miami Beach, Orlando’s Tourist District, Tampa’s Channelside, Jacksonville’s Riverside.
Retail Lease Rates Across Florida Markets (2024)
$50
$40
$30
$20
$10
$0
Note: Rates reflect average annual NNN lease rates per square foot. Data updated Q2 2024.
Hospitality & Hotel Investments
A
Rebound in Florida Tourism
With record-breaking tourism numbers in Florida, hospitality real estate is seeing a strong post-pandemic resurgence. From boutique hotels to resort-style properties, investors are capitalizing on high occupancy rates and rising nightly rates.
Why Hospitality CRE is a Top Performer
-
Experiential Retail & Dining Expansion
Consumers are returning to in-person shopping & dining experiences, creating strong leasing demand. -
Grocery-Anchored Shopping Centers are Booming
Essentials-focused retail properties have outperformed big-box locations. -
E-Commerce Proof Locations
Last-mile retail hubs and experiential retail are driving foot traffic & rental increases. -
Tourism-Driven Retail Growth
Miami, Orlando, and Tampa have some of the strongest-performing hospitality retail districts in the U.S. -
Best Markets for Retail Investment
Miami Beach, Orlando’s Tourist District, Tampa’s Channelside, Jacksonville’s Riverside.
Florida Hotel Performance Dashboard (2024)
Key Metrics: ADR, Occupancy, and RevPAR Trends
Average Daily Rate (ADR)
Occupancy Rate
Revenue Per Available Room (RevPAR)
Miami Beach
Orlando
Tampa
Fort Lauderdale
Key West
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