{"id":9027,"date":"2025-03-07T11:12:00","date_gmt":"2025-03-07T11:12:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9027"},"modified":"2025-07-09T11:24:05","modified_gmt":"2025-07-09T11:24:05","slug":"miami-multifamily-market-report-february-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/miami-multifamily-market-report-february-2025\/","title":{"rendered":"Miami Multifamily Market Report \u2013 February 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/miami-multifamily-market-report\/\">Miami Multifamily Market Report<\/a><\/strong><\/p>\n\n\n<hr \/>\n<h2>Rent Growth Dwindles, Supply Still Strong<\/h2>\n<p>South Florida\u2019s multifamily market closed 2024 with a measured pace of growth, according to the latest Yardi Matrix Miami multifamily market report. The average advertised asking rent was down 0.2% on a trailing three-month basis, to $2,477, mirroring the national trend, according to the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>U.S. multifamily report<\/strong><\/a>. The metro\u2019s average overall occupancy rate in stabilized properties was down 10 basis points year-over-year, to 95.3%. However, the Lifestyle figure saw a 10-basis point uptick, to 95.0%.<\/p>\n<p><iframe id=\"datawrapper-chart-ZE0l2\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Miami vs. National Rent Growth  \" src=\"https:\/\/datawrapper.dwcdn.net\/ZE0l2\/1\/\" height=\"336\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Miami job growth stood at 2.1% as of November, 80 basis point above\u00a0the U.S. average. The metro added 45,100 net jobs, with education and health services leading gains with 12,100 jobs, followed by leisure and hospitality (10,100 jobs). The metro\u2019s unemployment rate stood at 2.4% as of November, 180 basis points below the national figure, according to preliminary data from the Bureau of Labor Statistics. Miami\u2019s $840 million Signature Bridge and highway project is still under construction and completion is scheduled for 2027. The development will also include a 33-acre park beneath Interstate 395.<\/p>\n<p><iframe id=\"datawrapper-chart-zkLjL\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Miami Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/zkLjL\/1\/\" height=\"433\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>With 15,249 units, or 4.1% of existing stock, delivered in 2024, South Florida outpaced the nation by 110 basis points. Meanwhile, transaction activity remained moderate, with $2.3 billion in assets changing hands. Volume was similar to 2023, but below 2021 and 2022\u2019s record-breaking levels and also behind pre-pandemic totals.<\/p>\n<p>Read the full Yardi Matrix Miami Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6930-MatrixMultifamilyMiamiReport-February2025\" rel=\"\"><strong>February 2025<\/strong><\/a><\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rent Growth Dwindles, Supply Still Strong South Florida\u2019s multifamily market closed 2024 with a measured pace of growth, according to the latest Yardi Matrix Miami multifamily market report. The average advertised asking rent was down 0.2% on a trailing three-month basis, to $2,477, mirroring the national trend, according to the U.S. multifamily report. The metro\u2019s [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[455,513],"class_list":["post-9027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-miami","tag-multifamily-outlook-2025"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Miami Multifamily Market Report \u2013 February 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Advertised asking rents in South Florida were down 0.2 percent on a T3 basis through December, to $2,477, Yardi Matrix data shows.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/miami-multifamily-market-report-february-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miami Multifamily Market Report \u2013 February 2025\" \/>\n<meta property=\"og:description\" content=\"Advertised asking rents in South Florida were down 0.2 percent on a T3 basis through December, to $2,477, Yardi Matrix data shows.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/miami-multifamily-market-report-february-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-07T11:12:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-09T11:24:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/10\/Miami-iStock-2192510832-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Madalina Pojoga\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Miami Multifamily Market Report \u2013 February 2025 - 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