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By the end of the year, over 14,000 apartments are expected to be completed in South Florida

By the end of the year, over 14,000 apartments are expected to be completed in South Florida

  • Joelle Oiknine
  • 08/14/24

Apartment construction in South Florida is experiencing significant growth, with an estimated 14,177 units set to be delivered by the end of 2024, as reported by RentCafe. Despite this surge, the region’s rental market remains highly competitive, with demand still outpacing supply. Miami is leading the way, with 4,812 new units planned, followed by Hialeah with 1,209 and West Palm Beach with 1,077. Looking forward, South Florida is anticipated to add 75,736 new apartments between 2024 and 2028.

 

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