Matrix Multifamily Miami Report-June 2022 June 28, 2022

South Florida Continues Growth Streak

With rents increasing by 24.6 percent year-over-year through April, Miami ranked first nationally in rent performance. The average overall rent was $2,261, well above the national figure. Transaction activity also intensified, with $2 billion in multifamily assets changing hands in the first four months of the year.