Most new downtown condos rented immediately – Miami Today

Condo rental rates in the downtown/Brickell area have largely stayed the same for six months, most brokers agree, but they cite a number of variables to watch going forward before we’ll know if the trend holds.

Currently, rental rates in Brickell and average days on the market have remained essentially unchanged for two quarters, said Jonathan Garcia, broker for ONE Sotheby’s International Realty. The main difference in the past six months, he said, is more rentals are now available.