• Nationwide rents grew 0.9 percent in May over the previous month and 6 percent on an annual basis.
  • Miami rental market falls behind the national average in May.
  • Miami's occupancy rate fell slightly from 96.4 percent to 96.3 percent on a monthly basis.

Rental prices continue to make strong strides, growing month by month and year by year. According to Yardi’s month survey of 119 metros throughout the nation, the U.S. saw a rent increase of 6 percent in May 2016 since May 2014 to another all-time high of $1,204.

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