Miami rent growth keeps steady pace in 2016

Yardi Matrix monthly survey reports US year-over-year rental price gains of 5.6 percent
  • Yardi Matrix's monthly survey report of 119 markets found rents rose in price by double digits for the third straight month, and $10 for the month of June.
  • Job growth on an annual basis was reported at 2.6 percent in Miami as of April 2016.
  • By the end of the year, Miami's rent growth forecast is reported to be 5.6 percent.

U.S. apartment rents have increased for the third-straight month, according to Yardi Matrix’s monthly survey of 119 markets. June rent rates increased by exactly $10, or 0.9 percent, to another all-time high of $1,213.