Pompano Beach Rental Market At Inflection Point With 6 Months Of Supply

  • Published by Peter Zalewski
  • 4/15/2024
  • 9:47:58 PM
A review of the latest rental statistics shows the median asking price in the Pompano Beach market is about $2.87 per square foot monthly.

The Pompano Beach rental market is a landlords market moving toward equilibrium with about 5.8 months of supply currently listed for lease in the final month of the South Florida Winter Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.

The Pompano Beach market is defined for this report as Northeast 24th Street south to Commercial Boulevard, and the Atlantic Ocean west to Federal Highway.

In the 12 months of 2023, tenants leased an average of more than 64 units per month for a total of about 770 units between January and December.

Based on the current active listings in the Multiple Listing Service – a database used by Realtors to market condos – the Pompano Beach area is still in a landlords market with a supply of about 370 units available for lease.

We have crunched the statistics for the Year 2023 and plan on publishing a series of reports during this week on CondoVultures.com looking at the winners and losers in the Pompano Beach market in Northeast Broward County.

If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: PeterZalewski.substack.com

Additionally, we encourage you to check out our video and audio podcasts.

This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com

Copyright © 2024 Condo Vultures®, LLC. All Rights Reserved.


Leave a Reply

Skip to content