In the most recent market report of Rentcafe, the West Palm Beach area was mentioned as one of the most competitive rental markets in the nation.
For each rental property that comes on the market, on average 9 prospective tenants are lining up to rent the property!
On average almost 95.1% of the rental properties are occupied and when one property comes up for rent, it will find its perfect tenant in approx. 42 days.
These numbers are a big sign that the West Palm Beach rental market is still very strong.
This in combination with the fact we are experiencing a buyer's market creates a unique opportunity for investors to acquire single-family rentals, condos for long-term rent, or multifamily properties like duplexes, triplexes, or quadruplexes.
Contact me now to talk about your next investment!