Florida
Vibrant Demand Meets Year-Round Opportunity
Florida continues to rank among the top U.S. states for population growth, rental demand, and investor interest. With a dynamic economy, expanding job markets, and diverse housing needs, Florida presents a wide range of opportunities for Summerfield Property Management. From the high-growth metros of Orlando, Tampa, and Miami to rising secondary markets like Jacksonville, Sarasota, and Fort Myers, we deliver tailored management solutions across the state.
We operate multifamily properties throughout Florida, combining local expertise with proactive, performance-driven oversight.
What we love about Florida
Florida’s economy is among the largest and most diverse in the country. Major industries—including tourism, healthcare, logistics, aerospace, finance, and technology—create a robust foundation for rental housing demand. Orlando’s booming entertainment and tech economy, Miami’s international finance and trade sector, and Tampa Bay’s growth in healthcare and defense all support consistent in-migration and job creation.
Top employers include AdventHealth, Publix Super Markets, HCA Healthcare, and Lockheed Martin. Florida is also a top destination for corporate relocations, with a steady influx of companies and talent seeking a favorable tax environment and business-friendly policies.
The state’s appeal goes far beyond business. With no state income tax, year-round sunshine, world-class beaches, and active lifestyle amenities, Florida continues to attract working professionals, retirees, and remote workers at scale.
At a Glance
Population Growth
Nation-leading in-migration driven by jobs, climate, and tax advantages
Average Income
Strong income levels in metro regions with growth across key employment sectors
Number of Properties
Growing portfolio in Tampa, Orlando, Jacksonville, and South Florida markets
Management Approach
Agile strategies focused on tenant experience, NOI optimization, and risk mitigation
Market Insights
Florida’s rental markets are marked by tight occupancy, rising rents, and high investor interest—particularly in Class B and workforce housing segments. Submarkets like Kissimmee, Brandon, Cape Coral, and Palm Coast are seeing elevated demand as housing affordability becomes a more pressing issue in core metros.
Coastal regions face unique risk and compliance challenges, particularly around insurance, building codes, and storm resilience—areas where experienced, hands-on management can preserve asset value and reduce operating risk.
2024 Q4
22,883,584
2025 Q4
23,135,467
2026 Q4
23,346,239
2027 Q4
23,543,976
2028 Q4
23,731,455
2029 Q4
23,934,333
2030 Q4
24,152,254
2031 Q4
24,386,739
2032 Q4
24,616,317
2033 Q4
24,838,873
2034 Q4
25,054,639
Challenges
Insurance Costs
High and rising property insurance premiums impacting operating budgets
Climate and Compliance Risk
Proactive planning for storms, flood zones, and environmental regulation
Development Competition
Managing stabilized assets amid significant new supply in some metro areas
Looking Ahead
Florida’s population is expected to grow by over 13% from 2023 to 2033, one of the highest rates in the country. Continued expansion in healthcare, logistics, technology, and tourism will sustain job creation and bolster housing demand across asset classes.
Whether optimizing stabilized assets in Tampa or scaling operations in high-growth markets like Orlando and Jacksonville, our team brings localized insights and operational discipline to every Florida community we manage.
Local Presence,
Regional Expertise
Our Florida operations are supported by our Southeast Regional Headquarters in Atlanta, with dedicated on-site management teams positioned across the state.
Ready to Learn More?
Let’s talk about how we manage better in Florida.
