A softening apartment environment in South Florida, driven by elevated supply outpacing demand, is shifting apartment manager priorities toward tenant retention. In fact, apartment renters who are renewing their leases this year should expect smaller rent increases than those seen since 2020.
Tenant Retention Remains a Priority for South Florida Multifamily As New Competition Delivers
Flat Rents and Slower Lease-up of New Properties Indicative of a Pro-Tenant Landscape
By Juan Arias
CoStar Analytics
February 15, 2024 | 10:05 P.M.
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