According to the Census Bureau as of the end of 2013 Florida has 19,500,000 people. Florida is closing in on New York which currently is slightly ahead at approx. 19,600,000 people. This is a difference of only ½%
However, since the last census of 2010 Florida’s population grew by 3.75% as compared to New York’s growth rate of 1.3%. Florida is poised to overtake New York and become the state with the 3rd highest population after California and Texas
It makes sense to invest in the path of growth and with continuing growth projected, Florida is a great place to invest in commercial real estate. Investing in multi-family is an easy way to tap into the market of people moving into Florida