In normal conditions, rents traditionally increase only 3 to 5 percent a year. If Floridians only had it that good. Signs of more moving vans on the road could make it happen.

A report this week from Florida Atlantic Universitythe Waller Weeks and Johnson Rental Index, which assesses the most overvalued US rental marketsshowed that the top eight of 109 most overvalued markets are in Florida, where year-over-year rent jumps exceeded 21 percent.

 

GlobeSt. Multifamily Fall 2022Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.