South Florida rents rise faster than much of US

Apartment rents in South Florida are rising at a faster rate than many of the nation’s largest metro areas.

Palm Beach County rents grew 5.3 percent in the third quarter from a year ago, according to MPF Research in Carrollton, Texas. That ranks ninth among the 50 largest metros.

Broward County saw a 4.4 percent increase year to year, ranking 13th nationwide.

Oakland, Calif., led the country with growth of 9.1 percent. Denver and San Jose, Calif., tied for second at 9 percent. The national average is 3.7 percent.

The housing bust fueled a resurgence … Read more … http://www.sun-sentinel.com/business/realestate/fl-apartment-market-20141203-story.html

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