The Miami apartment market's doing better than ever and one reason is that there are so many more renters here than there used to be. A report by the NYU Furman Center For Real Estate & Urban Policy, "Renting in America's Largest Cities," says that Miami’s rental population grew 25% between 2006 and 2013. Reasons for the sizable increase include a large influx of newcomers—who tend to be apartment dwellers, at least for a while—and the relatively high prices for houses in a relatively low-wage market, according to Miami Today, which cited the Furman study. [MT]
More Renters Than Ever in Miami
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, NYU Furman Center for Real Estate & Urban Policy
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