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A 53% annual drop is projected for new apartments in Miami this year, a new RENTCafe report shows.
August 18, 2020 at 10:29 AM
1 minute read
The slow pace of work, crew shortages and construction bans that came with COVID-19 have cut apartment construction to a five-year low led by Miami with a projected 53% annual drop, according to a new report.
About 283,000 new apartments are expected to hit the market this year, which is much less than a peak in 2018, said the report by RENTCafe Blog.
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