Miami-Dade led the tri-county county in rent appreciation at an average increase of 5.2% to $874 per month, or 10.4% annualized. That compares with an annual rental increase of 7.5% last year.
Rents in Broward increased by 1.9% to $890, or 3.8% annualized. That is a little lower than the annualized increased of 4.7% last year. In Palm Beach, rents increased by 2.9% to $899, or 5.8% annualized. That is slightly higher than the annualized 5.4% increase last year.
The outlook is a little mixed, however.
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