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

CoStar recognizes TCG and brokers as “Top Dealmakers in SWFL for 2020”

At TCG, we pride ourselves in hard work for our clients. On March 2nd, CoStar officially recognized TCG as one of the Top Leasing Firms in SWFL, citing our exceptional deal-making accomplishments in 2020. Additionally, CoStar recognized four of our team members as Top Retail Leasing Brokers for 2020.  Doug Olson, Kimberly Daugherty, Brent

Read more

Happy Independence Day! The History Of The Thomas Jefferson Building

  Happy Independence Day! TCG hopes you enjoy your weekend with friends, family, and fireworks. To celebrate Independence Day, today we are recognizing a historic work of federal architecture known as the Thomas Jefferson Building. It is the oldest of the four libraries of congress, originally opened in 1897. It’s

Read more

How to: Cultivate a positive Office Culture (Featuring an interview with TCG’s Cindy Schooler)  

If you are managing a business or company, you want to know how to cultivate a positive office environment. In this article we discussed with Cindy Schooler, Managing Director at TCG, exactly how it’s done.   What makes you proud of the culture at TCG? Inclusion and shared knowledge of

Read more