Rental rates jump in Hollywood/Hallandale

The median lease rate in the Hollywood/Hallandale Beach market rose 9 percent in the second quarter compared to the same period in 2011, according to a new report from Condo Vultures. That came despite a 6 percent increase in rental activity in the same period. There were a total of 425 leases completed in the area between April and June of 2012 in an area with about five months of leasing inventory remaining. — Alexander Britell