Miami’s Rental Market Roller Coaster Is Headed Downhill

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https://www.wsj.com/real-estate/luxury-homes/miamis-rental-market-rollercoaster-is-headed-downhill-2fb5b91aWhen Neil Harris moved his family to Miami from Tennessee in 2020 during Covid, he signed a $29,500-a-month lease for a beachfront apartment that he said was “well worth it.” This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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Miami’s Rental Market Rollercoaster Is Headed DownhillNew inventory, a return to the office and a general slowdown from the Covid housing craze are causing prices in the city’s luxury sector to drop
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