A new study by commercial real estate firm CBRE says that rents in Miami are among the most expensive in the world.
Miami’s average monthly rent of $1,868 places it tenth out of 35 global cities studied. Rents in Miami are also increasing quickly, with the seventh fastest rate of growth worldwide last year.
Overall, investors in Miami are said to be earning an overall yield of 2.6$ – second highest in the world.
Source: The Next Miami