New rental buildings gearing up in Downtown Miami- Bisnow

May 19, 2016

Melody tower launched its building with an almost immediate lease out starting at 1,650 per month for a 1 bedroom unit. The average for Downtown Miami is 1,798 a month. In this new cycle, there has been a void in the market for those who don’t have the cash for a downpayment and prefer to rent. Most developers of new construction had focused in condo projects.

Miami Rentals.jpg
Miami Rental Building void.

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