It has never been more difficult for residents to find a vacant apartment in Miami-Dade.
"The tremendous immigration from northern markets continues to drive occupancies and double-digit rent growth for the foreseeable future," Matthew Lawton, executive managing director, investment sales & advisory, JLL, tells GlobeSt.com. "Quality of life, favorable tax treatment, corporate relocations and great talent pools will continue to drive the Florida economy."
Availability was at 1.2 percent entering the second quarter, ranking lowest among all major United States markets, according to a quarterly report (2Q) from Marcus & Millichap.
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