Rents for apartments in Miami have exploded by 57 percent amid an ongoing exodus out of tax, crime and COVID-battered blue states.
“The moves were also encouraged by the state’s early actions to reopen its business and tourism sectors and relax pandemic restrictions.”
The median rent for studios, one-bedrooms and two-bedrooms in the Miami metro area spiked to $2,988 in February.Rents in the San Francisco Bay Area for that category climbed by 11 percent to $2,982, the report found. The Sunshine State’s rental and sales frenzy has coincided with deepening population losses in urban centers like New York, Los Angeles and San Francisco.
Gov. Ron DeSantis has pinned soaring interest in Florida to worsening conditions in blue strongholds.
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