Mobile Home Park and Manufactured Housing Broker in Florida

Florida’s manufactured housing market is one of the strongest in the country. Lot rent growth across the state has averaged 5.5 to 11 percent annually, supported by population inflows and a persistent shortage of affordable housing options. National occupancy has climbed from approximately 86.5 percent a decade ago to nearly 94 percent today. Transaction velocity surged in 2025 with total MHC sales outpacing the prior 12 months by 51 percent, and first-half sales velocity up 66 percent year over year. Cap rates are averaging 5.9 percent nationally, with premium communities trading at 4 to 5 percent and stabilized assets at 5 to 7 percent. The median price per space reached approximately $45,500 in first-half 2025. Well-marketed assets are achieving pricing 8 to 15 percent above initial expectations as institutional and private equity capital continues to support competitive pricing. In December 2024, Brookfield sold nearly 80 mobile home parks to multiple buyers for approximately $1.6 billion, underscoring the scale of institutional demand for this asset class. Florida is one of the three most active states in the country for MHC transactions alongside California and Texas.

For MHC owners considering a sale, conditions remain favorable but the window may be narrowing as institutional buyers grow more selective. Owners who receive unsolicited offers should understand those offers are typically below what a properly structured sale process would achieve. New development is rare because zoning and permitting commonly prevent new community approvals, and some older communities are being bought and redeveloped into higher-density uses — reducing the remaining supply and supporting values for existing parks. Drew works with Florida mobile home park owners to evaluate current market value and execute a sale process that puts them in the strongest possible negotiating position. The county is built out. There is no industrial land pipeline, no new spec development on the horizon, and no relief coming from new supply. That dynamic keeps Pinellas vacancy among the lowest in the metro. Small-bay and flex space here runs 12 to 16 dollars per square foot for functional buildings, above the Tampa Bay average, and well-located properties attract competitive interest from both tenants and investors. The investors who have been paying attention to Pinellas industrial are buying at what many see as a compelling entry point, cap rates around 7.6 percent and vacancy likely near its peak.