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Rental Rates Increase In South Florida

September 25th, 2012 Written By Carol Pawley

According to a new report by brokerage and consultancy Condo Vultures, the mean rental rate in South Florida’s coastal markets rose 11% in the second quarter compared to the same period in 2011.

The report states the mean rental rate stood at $1.60 per sq.ft. up from $1.44 in the 2nd quarter of 2011 and $1.35-per sq.ft. mean rate in the same markets in 2009. In the same time frame leasing activity has also increased by 2%. The reason why the rental rate is increasing is due to the lack of rental inventory.

Click here for rentals currently available in the Miami Area.

Great to have you on my site! Seeking to sell or buy property in Coconut Grove, Coral Gables, or anywhere in Miami? I can assist you. Real estate is my area of expertise and Miami-Dade the place I grew up. I know the communities, the schools, the culture, and the business of real estate. I’ve consistently ranked in the top 1% of my field, locally and nationally. I’d love to have the opportunity to introduce myself and discuss your real estate needs. Let’s connect: PH 305-992-6188,EMAIL:

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