The Real Deal Miami

Long leases good bet for SF renters

June 02, 2011 10:22AM

South Florida’s rental market should strengthen over the next several
years, meaning the area’s renters are better off signing longer-term
leases. “If I were a renter, I’d try going for the longest lease
possible,” said Ron Johnsey, president of Axiometrics, a multi-family
housing analytics firm. “Pricing power is coming back to the landlords.”
Growth in the rental market could increase by 6 percent in both Broward
and Palm Beach counties over the next two years, according to the firm.