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Strong Occupancy, Mediocre Rent Growth – Miami Metrics Don’t Add Up

Miami recorded an occupancy rate in 3rd quarter 2016 that was among the highest nationally. But tight occupancy and strong apartment demand hasn’t translated in strong rent growth recently. Performance metrics indicate that a few trouble spots have emerged, which has brought down the market’s overall rent growth levels. MPF Research analysts identify and discuss those areas, as well as the outlook for the Miami apartment market as a whole, in this edition of Apartment Market Dynamics.

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