After a year of dramatic rent hikes, it looks like rent growth could be finally starting to slow down in South Florida, according to recent rent index.
Researchers at Florida Atlantic University, Florida Gulf Coast University and the University of Alabama analyzed a number of metropolitan areas across the United States and found that some areas, among them South Florida, are seeing slower rent growth than before.
“Rents are still increasing but the rate is a lot slower,” said Ken H. Johnson, real estate economist with Florida Atlantic University. “In a lot of the cities, we noticed that a lot of those increases came in the first six months of the past year.”
