MIAMI-A silver lining has emerged in the troubled Miami skies. The multifamily market is the most active and desirable sector in South Florida’s commercial real estate sector, with rents increasing across the region. So says a new Multi-Housing Market Update from CBRE.

Miami-Dade’s rents have increased 3.4% over the past 12 months. In fact, average apartment rents are above the record high rents recorded in 2006-2008. CBRE predicts Broward rents will climb to record heights within the next year.

“Multihousing developers are actively developing 18,000 units in 62 projects,” Calum Weaver, co-chair of the Private Capital Group at CBRE, tells GlobeSt.com. “That’s an indication that the multihousing market is extremely strong down here. In South Florida, there are only 62 multihousing communities of 2000 or newer vintage.”