Miami vs Tampa Multi-Family Real Estate

[Glenn Gayet]

Hi I am looking to get into commercial real estate in Florida and looking at the Tampa and Miami areas. Tampa tends to have better cap rates on LoopNet and Miami tends to have more job postings on indeed, although there are opportunities in both. I am new to real estate so I still have a lot to learn but it definitely makes sense that the better the property the more likely there will be a buyer and Tampa tends to have better cap rates. However Miami has less barriers to entry which is a criteria that some investors look for. It's tough to choose between the two.