Rentals Demand Rises Pushing Rates Up
Written by Marilyn Bowden on December 13, 2012
By Marilyn Bowden
Even a lackluster job market is failing to put a dent in demand for rentals in Miami’s housing market, experts say, and lagging supply continues to send rates up.
"Vacancy remains tight, and growth is accelerating," says Marcus & Millichap’s recently published fourth-quarter Apartment Research Market Report. "Despite the economic results posted so far this year, the seeds of the apartment market’s strength were initially sown three years ago."To read the full article and the rest of the Miami Today issue, GO TO e-MIAMI TODAY, an exact replica of the printed edition.