The Real Deal Miami

Slight growth for Fort Lauderdale rental market

August 14, 2012 12:45PM

While Miami’s rental market has been surging, its counterpart in downtown Fort Lauderdale has been largely flat, according to a report from Condo Vultures. Activity in downtown Fort Lauderdale and in the city’s beach market increased by 2 percent in the second quarter, compared to the same period in 2011; the median lease rate also increased by 2 percent. There were a total of 370 residential leases in the area in the second quarter, compared to 365 in the same period in 2011. In 2010, that number was 390, according to the report. — Alexander Britell