Zillow released its rent report this week noting an increase in the South Florida rental market in 2014. 775,000 South Floridian renting-households spent $10.5 billion in rent last year. There was a 7.7% increase in the rental market from the year prior! Read more at The Real Deal.
I personally had 17 rental transactions ranging from $1,900 per month to $8,700 per month in Coral Gables, South Miami, Coconut Grove, Pinecrest and Palmetto Bay in 2014; that was almost double the number of transactions I had in 2013! If the first week of 2015 is any indication of this year’s rental market, South Florida will continue the momentum; it is January 6th and I have 3 rentals transactions slated in Coral Gables and the Brickell corridor.
If you or someone you know would like to rent or list a property for rent in Coral Gables, South Miami, Coconut Grove, Pinecrest, Palmetto Bay or the surrounding areas please call me!
Here’s a look at some of my 2014 rental transactions: