Month: June 2012

Construction of New Apartment Buildings on the Rise

Posted on Updated on

With many South Florida residents still unsure of today’s housing markets, an article in the Miami Herald says  there’s an upward trend in people choosing to rent apartments over buying a home.

According to the article, this has spurred a boom in the construction of apartment rental buildings. For instance, One Broadway, located at 1451 South Miami Ave in Brickell was one of the “rare professionally managed rental apartment tours built in Miami during the last boom.” It now maintains a consistent occupancy of over 95%, according to the Herald.

Read the whole article at miamiherald.com.

If you’re a developer or investor interested in getting in on Miami’s apartment rental market, Home Financing Center offers a variety commercial loan options that may be right for you.

Advertisements