Marcus & Millichap

Southeast Florida Self-Storage Investment Forecast

2019 Outlook

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Income Growth Spurs Storage Demand

Hiring across a diverse array of disciplines led to accelerated employment growth in southeastern Florida during 2018. Employers in Miami created the most jobs at 27,000 - about 5,000 more than in Fort Lauderdale and 13,000 more than in West Palm Beach. Falling unemployment in all three metros will modestly slow recruiting in 2019 to 55,000 new positions.

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