Wednesday, April 24, 2013

Marcus & Millichap Forecasts Robust Job Growth to Accelerate Recovery in Miami-Dade, FL



                                           Miami-Dade FL Skyline

MIAMI, FL -- Building on the solid demand and minimal construction that reduced vacancy to its level at the start of the recession, more vigorous hiring will sustain another strong showing for Miami-Dade apartments in 2013, according to Marcus & Millichap’s second quarter report.

Riding a solid recovery in the job market from 2010 through the end of last year, the strength of the market’s demand drivers have been sufficient to fill an additional 11,000 rentals in the county.


The beaches at Fort Lauderdale, FL
Investors Bolster Portfolios as Growth Accelerates in Broward County, FL

FORT LAUDERDALE, FL -- Behind a strengthening local economy and job market, the Broward County apartment sector will record further gains in property performance in 2013 and set the stage for even stronger operations in the years to come.

An expansion of local payrolls in many industries will unlock pent-up rental housing demand among new hires, and apartment owners will also benefit from demand generated by the in-migration of new residents.

For a complete copy of the company’s news release, please contact:

Ben Johnson,
Marketing Director
(925) 953-1736

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