The Sunshine State is at the forefront of skyrocketing rent prices, according to a new study by Florida Atlantic University.
Through a partnership with researchers at Florida Gulf Coast University and the University of Alabama, FAU analyzed U.S. rental markets using past leasing data from Zillow to model historical trends from 2014 to determine where rents should be and compare those to current rates.
The report found that Florida dominates the list of the 25 most overvalued rental markets in ...
The Sunshine State is at the forefront of skyrocketing rent prices, according to a new study by Florida Atlantic University.
Through a partnership with researchers at Florida Gulf Coast University and the University of Alabama, FAU analyzed U.S. rental markets using past leasing data from Zillow to model historical trends from 2014 to determine where rents should be and compare those to current rates.
The report found that Florida dominates the list of the 25 most overvalued rental markets in ...
Renters in many markets are seeing increases of 20% or more as they sign new leases, and, with the nationwide rental vacancy rate at just 5.6%, renters have few alternatives to find more affordable options.
Renters in many markets are seeing increases of 20% or more as they sign new leases, and, with the nationwide rental vacancy rate at just 5.6%, renters have few alternatives to find more affordable options.
With nearly 300 new multi-family units authorized last year, Jacksonville ranked high among a list of large U.S. cities with the biggest increases in multi-family home construction, according to a new report.
With nearly 300 new multi-family units authorized last year, Jacksonville ranked high among a list of large U.S. cities with the biggest increases in multi-family home construction, according to a new report.
During Q4'21, the overall price averaged $171K per unit, a 17% increase year-over-year, while cap rates continue to compress another basis point. As the MSA remains one of the top rent growth markets in the country, demand from investors continues to intensify. Effective rents, now averaging $1,421 for the Jacksonville MSA, increased 22.8% [...]
The post Jacksonville Multifamily Market Report 4th Quarter 2021 appeared first on NAI Hallmark.
During Q4'21, the overall price averaged $171K per unit, a 17% increase year-over-year, while cap rates continue to compress another basis point. As the MSA remains one of the top rent growth markets in the country, demand from investors continues to intensify. Effective rents, now averaging $1,421 for the Jacksonville MSA, increased 22.8% [...]
The post Jacksonville Multifamily Market Report 4th Quarter 2021 appeared first on NAI Hallmark.
Over the past two years, South Floridians have seen the highest rent increases across the nation, percentage-wise, when compared to 49 other major metro areas, according to Realtor.com.
Rent increases in other Florida metros weren't far behind. Orlando-Kissimmee-Sanford, Jacksonville, and Tampa-St. Petersburg-Clearwater were all in the Top 10 metros where median rent increased the most during the past two years, according to Realtor.com's report.
The Miami-Fort Lauderdale-West Palm Beach metro...
Over the past two years, South Floridians have seen the highest rent increases across the nation, percentage-wise, when compared to 49 other major metro areas, according to Realtor.com.
Rent increases in other Florida metros weren't far behind. Orlando-Kissimmee-Sanford, Jacksonville, and Tampa-St. Petersburg-Clearwater were all in the Top 10 metros where median rent increased the most during the past two years, according to Realtor.com's report.
The Miami-Fort Lauderdale-West Palm Beach metro...
