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November 29, 2017  

MARKET SPOTLIGHT: South Florida Apartment Properties

Sales continue to be strong. More than $2 billion of large properties changed hands in the first half, according to Real Estate Alert’s Deal Database.Despite record development, rents continue to rise in the region’s three major cities. Rates are on pace to increase by 2.6-7.6% this year in Miami, Fort Lauderdale and West Palm Beach, according to Marcus & Millichap. Occupancy rates average 95-96%.But Green Street Advisors cautions...

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