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As home affordability deteriorates, transit-oriented apartment development rises in South Florida

Shifts in housing stock are changing the area’s lifestyle
CoStar Analytics
September 4, 2024 | 4:59 P.M.

Since 2010, housing construction nationally has been concentrated in properties with more than five units, which are typically larger apartment complexes. In fact, over 50% of construction activity is now concentrated in apartments for rent, up from around 20% before 2008.

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