
Market Highlight: Prices Continue to Rise in an Already Competitive Rental Market
Market Highlight:
Prices continue to rise in an already competitive rental market
The sunny weather and pristine beaches have always drawn newcomers to Florida, but now, newcomers have a bigger budget compared to long-time Florida residents. The online marketplace for apartment listings, Apartment List, has published a report stating that people moving to SWFL from other parts of the country have monthly budgets that are roughly $300 higher than local renters.
Added pressure to this tight rental market comes from the flexibility of the changing workforce landscape with remote work opportunities. More affluent renters are finding themselves in the SWFL area which results in the local rental prices being driven up. Renters are also finding themselves living in rentals longer than usual as a result of the shortage of houses on the market.
According to RentCafe, a market trends site, the average rent for an apartment in Fort Myers is now $1,454, which is a 12% increase compared to the previous year.
You May Like

Market Highlight: Southwest Florida
The five counties of Southwest Florida are best known for their spectacular quality of life, with sunshine, warm waters, pristine beaches and thriving wildlife. The region is home to 1.3 million residents and by 2025 is projected to rise to approximately 1.5 million. It is also a dynamic playground for

Working From Home Is Getting A New Look Due To Multifamily Housing Developers Kicking It Into High Gear
WORKING FROM HOME IS GETTING A NEW LOOK DUE TO MULTIFAMILY HOUSING DEVELOPERS KICKING IT INTO HIGH GEAR The Minnesota-based company, Life Time, is known for their flagship fitness centers. However, over the past few years they have pivoted their business model and now are successfully running Life Time Work,

RSW Continuing to Soar Past YTD Travel Records
The holiday season is here bringing a travel rush into full swing. With travelers coming to and from Florida, RSW International Airport has some tips for those who plan to travel by sky. RSW places importance on travelers arriving early seeing as this time of year is one of the