Miami-Dade County experienced the highest one-month rental price increases in the nation, according to a report by Abodo, an apartment rental listing platform. According toAbodo’s report, rents for a one-bedroom apartment in Miami-Dade rose 9 percent between August and September. The average rent on a one-bedroom in Miami now is listed at $1,739, up from $1,599.
But if this is any consolation, rents were higher this spring. According to Abodo’s data, an average one-bedroom in April was $1,870 a month, and rental prices dipped downward until the August low.
Nationally, apartment rental prices this month decreased in high-rent locations such as Los Angeles, San Francisco, San Jose, Boston and Seattle, according to Abodo’s report. Nationwide, the average rent for a one-bedroom in September for $940, up from $932 in August.
Abodo tracks listing prices through its own platform as well as others. For Miami this month, Abodo analyzed 2,965 rental properties.
Read more here: http://www.miamiherald.com/news/business/real-estate-news/article101596307.html#storylink=cpy
Author:Mindy Bloom Phone: 305-332-2439 Dated: September 14th 2016 Views: 389 About Mindy: ...
Terrabella Realty is a boutique operation with over 1 Billion dollars of closed sales over the past 12 years, We have experience in the South Florida real estate market and we have developed strategic alliances with Real Estate Firms in foreign countries like, Argentina, Colombia, Venezuela, Mexico, Ecuador, Canada, Russia, France, England and Israel, to name a few. We have over 80 sales associates ready, willing and able to assist on the sale of your property and we are experienced enough to help you price it right.