A newly released study underscores the competitiveness — and perhaps the frustration — faced by renters across South Florida this year: It concludes the region is the hottest rental market in the country.
The study, conducted by RentCafe, is billed as a year-end report, recapping a year in which we saw somewhat plateauing rental prices, slightly lower housing interest rates, more supply and persistent demand.
“Despite a surge in new apartments throughout the last few years, Miami continues to attract professionals drawn to its booming tech and finance sectors, no-tax policies and strategic position as a gateway to Latin America,” the RentCafe report states . “Naturally, this steady influx of new residents continues to fuel demand for housing throughout the metro.”…