NYC snowbirds moving south, scooping up Miami high-end rentals


Apogee in South Beach

From the South Florida website: A number of recent reports have noted the vibrancy of the tri-county area’s rental market — but it’s not just young professionals in one-bedrooms that are signing residential leases in droves.

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Miami’s high-end rentals are also booming, led by Miami Beach, which has seen its inventory practically vanish, led by New Yorkers looking to establish residency in South Florida.

“There’s just no new inventory,” said realtor Kevin Tomlinson of One Sotheby’s International Realty. [more]