Resident Retention, Occupancy Levels Remain High in Miami

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The city’s apartment stock reaches all-time high in Q3 2019.

Multifamily Executive (January 14, 2020) — Things in south Florida are trending warmer as shown by the latest stats, starting out with the economy’s biggest engine—jobs growth. According to Metrostudy, the Miami metro area gained 29,100 jobs over the past 12 months, an annual growth rate of 2.4%. This number beats the national number of a 1.4% increase over the year. In Q3 2019, Miami’s stock of apartments reached an all-time high of over 297,000 units. In 2008, there were less than 270,000.

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