Miami Class A Properties Continue Their Slump
Class A properties in Miami have had a rocky few years, and there is little reason to expect a change in the near future.
Class A properties in Miami have had a rocky few years, and there is little reason to expect a change in the near future.
Summer is in the rearview mirror; the holiday season is approaching, and another quarter is in the books. Nationally, the new construction pipeline delivered more units in the third quarter of this year than the same period in 2018 or in 2017. Demand in the quarter was strong, and the result was essentially no movement in average occupancy, while average effective rent rose 1%.
While many markets are experiencing some flattening rent growth compared to previous years, Las Vegas continues its hot streak.