All of the talk of people moving to Miami over the last two years is certainly coming through in the numbers. According to this recent rental report by Realtor.com, residential rents in the Miami-Fort Lauderdale-West Palm Beach metro area increased 55.3% on a year-over-year basis… Read More
All posts tagged “rental rates”
Construction costs are no joke right now
I don’t know what it’s like in your market, but everyone is talking about it in the industry here in Toronto. Combine these rapidly rising hard costs with higher development charges and inclusionary zoning and you get significant upward pressure on condo prices and apartment… Read More
738,000 single-family homes were built last year in the US
The New York Times recently published “a portrait of new single-family homes” in the US in 2016. Here’s that portrait: For those of those living in dense urban centers, this portrait is perhaps a reminder that in many other places a large single-family home can… Read More
Rental apartment expansion in Detroit
The Detroit Free Press recently published a summary of some of the new rental apartments coming online in and around downtown Detroit. Here’s the map that they published along with their piece: Based on this article, demand is outstripping new supply and rents are starting… Read More