A Redfin study found that rents in Miami, Ft. Lauderdale and West Palm Beach each popped by 30 percent in February compared to the same month last year.
in Miami, Fort Lauderdale and West Palm Beach each popped by 30 percent in February compared to the same month last year.
Newark and New Brunswick in New Jersey, along with Nassau County on Long Island also saw 36 percent jumps in rents, according to the Redfin study. Los Angeles was one of few major metro areas with a rental prices increase of less than 10 percent in February with a 9.8 percent rise.Nationally, rents popped by 15 percent, Redfin found.San Francisco rents rose at a much lower rate compared to East Coast cities, up only 16 percent.Tampa, Fort Lauderdale and West Palm Beach are among the top 10 metro areas with the highest rent increases in February.
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