Miami rent growth slows in all asset classes, says Yardi

Report across 123 markets finds rent growth basically fell flat over August
  • Yardi reports annual rent growth at 4.7 percent nationally in September, falling for the first time since last November.
  • Miami rent is expected to reach 5.6 percent by the end of the year.
  • The Miami area saw moderate job growth, at 2.7 percent year-over-year as of July 2016.

For renters, a slowdown in the market’s growth is a welcome trend. While the drop was hardly noticeable, September saw its first monthly dip since November 2015 to $1,219, down just one dollar from August.