This week in Florida saw Cresa continuing to rebuild its presence after the JLL acquisition last year. CushWake is cashing in on awards. Bal Harbour Shops is pressing on toward its big plans, and lots of lease deals were inked.
BY THE NUMBERS
Approximately 1,000 conventional rental apartments were delivered in 2016, with an additional 4,900 rental apartments now under construction. This new rental supply, coupled with the additional condos coming online this year, is beginning to slow rental rate appreciation, opening the door for young professionals seeking to live in downtown who would otherwise be priced out of the market. (Source: Miami DDA)
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