Tenants, Not Landlords, Increasingly Control Sunny Isles Beach Rental Market

A review of the latest statistics shows that Sunny Isles Beach now has more than 7 months of rental supply listed during South Florida Winter Buying Season.

We have crunched the statistics for the Year 2023 and plan on publishing a series of of reports during the next two weeks looking at the winners and losers in the northern portion of the barrier island in Miami-Dade 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

Sunny Isles Beach is moving increasingly into a renters market with more than seven months of supply currently available for lease during the South Florida Winter Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.

In the 12 months of 2023, renters leased an average of nearly 104 units per month for a total of about 1,250 units between January and December.

Based on the current active listings in the Multiple Listing Service – a database used by Realtors to market condos and rentals – the Sunny Isles Beach area is in a renters market with a supply of nearly 765 units available for rent. This represents about 7.3 months of supply.

We have crunched the statistics for the Year 2023 and will be publishing a series of reports during the next weeks on CondoVultures.com looking at the winners and losers in the northern portion of the barrier island in Miami-Dade 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

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