Developers are planning significant expansions in Miami's rental market. A developer aims to build 3,200 rental units in Miami’s West Little River. Additionally, Terra is negotiating with Miami-Dade County to construct workforce housing on 10 acres around the South Dade Government Center. The latest Multifamily National Report for Q2 2024 indicates record demand with 104,000 net rentals absorbed in Q1, though new supply is affecting vacancy rates and rent growth. Trends in commercial real estate are shifting towards purpose-built rentals, as highlighted by a Re/Max report. Miami-Dade leasing activity has increased, with rents falling during the 2023-24 winter buying season.
Miami-Dade Leasing Activity Jumps As Rents Fall In 2023-24 Winter Buying Season. Report: https://t.co/qmw23uIXS4 #rental #renter #landlord #miamirent #miamicondo #southbeachcondo #brickellcondo #miamicondo #miamirealestate #miami #realestate #miamirealtor #realtor
Terra seeking deal with Miami-Dade County to build workforce housing on 10 acres around South Dade Government Center https://t.co/NN1bJeExzj
Commercial real estate trends shifting toward purpose-built rentals: Re/Max report https://t.co/opBDRjLY5z https://t.co/GGxiSUthsm
Developer Wants to Build 3,200 Rental Units in Miami’s West Little River https://t.co/kSvRArTIZD
Our latest Multifamily National Report for 2Q 2024 shows record demand with 104,000 net rentals absorbed in Q1. However, new supply continues to impact vacancy rates and rent growth. Dive into the full report: https://t.co/OsfiqPwvrA https://t.co/CWZS7wm3ZI