Why are high Florida rental rates here to stay unlike other parts of the US? And why does the Sunshine State remain “an enormous opportunity” for multifamily owners? Read our article to find out.
US rental prices have surged yet again to reach their highest ever, bringing good news to buy-to-let investors, but little respite to tenants. Meanwhile, vacancy rates continue to drop with rentals in the south in highest demand.
New lifestyle preferences mean tenants in US rentals want more open-air amenties and more space rather than cheaper rates. Renters also plan to move neighbourhoods but in the same city.
Against a background of strong rises in rental rates in 2018, Florida rentals saw some of the highest increases. Discover which Florida metros performed best.
If you’re looking for buy-to-let here are the Forbes picks for the best cities to own rental property in Florida and “turn a steady profit”.