Miami-Dade County is officially the hottest rental market in the US, with competition for available apartments remaining tight and occupancy hovering near 98%.
And while supply ticked up by 2%, "this was not enough to stem the tide of renters moving" to Miami, according to a RentCafe analysis of Yardi data.
"Riding the wave of migration to Florida during and after the pandemic, Miami-Dade County emerged as the hottest renter hub at the start of the 2022 rental season," the report notes. "South Florida's appeal to renters from New York and other places relies heavily on the growing number of tech and finance businesses that are present here, on top of the long-time incentives like good weather and low taxes."
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