New South Florida apartments surge toward completion: Could rent declines be far behind?

New South Florida apartments surge toward completion: Could rent declines be far behind?

Nearly 9,800 new apartment units are expected to open in South Florida by the end of 2018 as developers move to meet increasing demand fueled by an increasing population, according to the apartment search site RENTCafe. The survey’s Greater Miami area, which covers Miami-Dade, Broward and Palm Beach counties, ranks seventh on a list of…