WRE News: Miami Retains Title as the Most Competitive Apartment Market in the U.S.

Miami, FL – July 12, 2023 – Miami has once again claimed the top spot as the most competitive apartment market in the United States.

According to a recent report which reviewed a total of 137 markets, the city’s robust real estate market and growing population have contributed to its thriving rental industry. While the national average occupancy rate for apartments is 94%, Miami sits at a staggering 97.1%.

The study, conducted by a leading real estate firm, analyzed various factors such as occupancy rates, rent growth, and demand-supply dynamics to determine the competitiveness of apartment markets across the country.