The demand for rental apartments in certain areas of Miami is at an all time high. Rates have increased by 45 % over the last 4 years and even with the high prices there is still a high demand.
In many cases landlords are receiving numerous offers for the same apartment and therefore paying the asking price is the only way to ensure you don’t miss out.
This is one of the key factors that was missing from the last real estate bubble. Many buildings were apparently sold but no lights were seen on the majority of units., this has now all changed.
Brickell and Downtown have seen the main surge of people moving into the area and the good news is that they are coming to live and work. This has been triggered by many factors including major new commercial developments that will create more jobs.
So if the question is rent or buy? Let us help you find the solution, visit Miami Apartments Guide.