Florida is the most overpriced apartment market in the country, perhaps even twice as much as the national average, according to a report this week from Florida Atlantic University and two other schools.
While the US rental "crisis" appears to be softening, according to the report, Florida rents remain expensive.
Miami leads the US with renters spending 18.22 percent more than they should, based on past leasing price history. Five other Florida markets are among the top 10 in most overpriced rental premiums: Cape Coral-Fort Myers, Tampa, North Port-Bradenton, Orlando and Deltona-Daytona Beach.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
