Demand when measured by 12-month absorption has outpaced supply (12-month deliveries) in Florida’s main metro areas, which means the Sunshine State’s rent growth is likely to increase at a pace faster than the national rate.
This high rent growth and high demand relative to supply makes Florida the state with the highest share of renters that are cost-burdened, according to the National Association of Realtors. The combination of high rent growth and rising inflation is expected to further strain renter households as the cost of utilities rises.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
