Rent reprieve: Miami rates drop nearly 8% y-o-y, amid supply overhang

After leading the nation in apartment rent hikes in recent years, South Florida is getting a reprieve.  In Miami, monthly rents for two-bedroom units averaged at $3,350 in March, down 7.7 percent, year-over-year, according to a Zumper report. One-bedroom units averaged $2,550, or a 5.9 percent drop compared to March of last year.  It marks […]

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