High rise: As affordable rental demand is filled, average rents will trend down
Apartment Rental in Florida
Over the five years to 2017, the Apartment Rental industry in Florida is poised to outgrow prerecessionary highs. Construction of luxury apartments has outpaced demand, which has depressed average rents somewhat for this segment. More specifically, this increased supply at the high end of the market has created a supply crunch in the middle- and low-income rental market, elevating rents for this segment. Over the five years to 2022, industry revenue growth is expected to decelerate. As the supply of affordable housing in Florida catches up to demand, rents will trend more toward the national median.
Operators in this industry act as lessors of buildings used as residences or dwellings. Industry participants are owner-lessors of residential buildings and establishments that rent real estate and then act as lessors by subleasing it to others. In addition to apartment rentals, the industry also includes single-family homes and town houses.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Sotheby’s International Realty
- Berkshire Hathaway HomeServices Florida Realty
- The Keyes Company
- Watson Realty Corp.
Methodology
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