Skip to main content

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: Marco Island, Florida

The largest and only developed land in Florida’s Ten Thousand Islands, Marco Island offers luxury resorts, beautiful beaches and spacious parks. Located 20 miles south of Naples, its tropical climate attracts many winter residents, almost double the number of residents in Marco year-round. Marco Island features six miles of beach

Read more

Property Spotlight: Keystone Shoppes

  In this week’s edition of property spotlight, we wanted to highlight Keystone Shoppes. The Keystone Shoppes is a ±10,000 SF new construction retail strip in the heart of Miami-Dade County with an 1,106 SF restaurant/retail space available. The property is located on the busy intersection of S Le Jeune

Read more

Trinity Commercial Group Selected by Duval County School Board for Long-Term Strategic Real Estate Partnership

Jacksonville, FL  — Trinity Commercial Group (TCG) is honored to announce a five-year partnership with Duval County Public Schools, serving as the district’s exclusive commercial real estate advisor. This strategic collaboration reinforces our commitment to providing expert, values-driven guidance in navigating complex public-sector real estate transactions across the state of Florida.After

Read more