Apartment vacancies across South Florida have continued their upward trajectory going into 2024, standing at 5.4%, 7.2% and 7.8% for Miami, Fort Lauderdale and Palm Beach, respectively. Fort Lauderdale has seen the widest vacancy expansion since the beginning of 2023, rising over 1.6 percentage points.
South Florida Apartment Fundamentals Soften Into 2024
A Mismatch Between the Area’s Renter Pool and New Supply Poses Significant Challenges
By Juan Arias
CoStar AnalyticsJanuary 11, 2024 | 5:22 P.M.
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