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As Impact of High-Income Migration to South Florida Moves Past Its Peak, Apartment Rents Moderate

Influx of Affluent Households Crushed Affordability, Drove Out Lower Income Residents
CoStar Analytics
June 15, 2023 | 6:45 P.M.

South Florida’s demographic profile has been changing rapidly over the last few years, and soccer superstar Lionel Messi’s recent announcement that he is signing with the Inter Miami CF soccer team puts a spotlight on the recent evolution that involves the growing ranks of high-earning households relocating to South Florida over the last few years. Colombian musician and singer Shakira is another example.

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