Q3 Market Update | Apartment Buildings

The apartment construction boom in South Florida remains unbroken, as substantial amounts of inventory are under development. Slowing rent growths and vacancy declines indicate that the market is entering a state of maturity. High construction costs and the fear of overbuilding make it difficult for developers to identify new opportunities, which causes projects to be delayed or aborted entirely.

Click below to view the full reports by county.

Miami-Dade County

Broward County

Palm Beach County