Florida Markets Top New Ranking Of Dramatic Rent Increases

Miami is at the top of a recent list from three academic researchers ranking the largest premiums and annual rent increases nationally, as rent spikes intensify across the Sun Belt and West amid record supply and demand imbalances.

Ken Johnson, Ph.D., of Florida Atlantic University, Shelton Weeks, Ph.D., of Florida Gulf Coast University, and Bennie Waller, Ph.D., of The University of Alabama, use leasing data from Zillow’s Observed Rental Index to determine existing rents and statistically model historical trends from 2014. The Waller, Weeks and Johnson Rental Index covers the entire rental stock of homes and apartments.