Growing economic uncertainty has allowed the multifamily sector to serve as a vital outlet for young adults as many will opt to rent for longer rather than save for a down payment in 2023.
January 03, 2023 at 02:37 PM
2 minute read
Florida Bureau Chief
Rent growth fueled by migration trends has prompted apartment demand in Miami-Dade County.
According to a multifamily report by Marcus & Millichap, apartment availability is still below historical norms, which is why the 2022 growth rate raised the average effective rent in Miami.
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