January 03, 2017

It’s getting cheaper to rent in downtown Miami

Good news, renters: It’s getting cheaper to live in downtown Miami.

As developers deliver a bounty of new condos and rental apartments in 2017, the increased supply is helping keep rents in check, according to a new report from Miami’s Downtown Development Authority.

“Landlords are trying to retain tenants because [tenants] now have these new options,” said Anthony Graziano, of Integra Realty Resources, who authored the report. “It’s going to be a renter’s market in 2017.”

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