{"id":9085,"date":"2023-05-03T15:57:18","date_gmt":"2023-05-03T19:57:18","guid":{"rendered":"https:\/\/www.lee-associates.com\/southflorida\/?p=9085"},"modified":"2023-05-04T11:10:29","modified_gmt":"2023-05-04T15:10:29","slug":"apartment-vacancies-on-the-rise-in-south-florida-report-says","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/","title":{"rendered":"Apartment Vacancies on the Rise in South Florida, Report Says"},"content":{"rendered":"<div id=\"pl-9085\"  class=\"panel-layout\" ><div id=\"pg-9085-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-9085-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-9085-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-3a2476c0e107-9085\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.bizjournals.com\/southflorida\/news\/2023\/05\/03\/vacancies-move-upward-south-florida-report-says.html\"\n\t\t\ttarget=\"_blank\" rel=\"noopener noreferrer\" \t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/05\/PR-Banner_Andy-Hidalgo_SFBJ.png\" width=\"1250\" height=\"521\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/05\/PR-Banner_Andy-Hidalgo_SFBJ.png 1250w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/05\/PR-Banner_Andy-Hidalgo_SFBJ-512x213.png 512w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/05\/PR-Banner_Andy-Hidalgo_SFBJ-768x320.png 768w\" sizes=\"(max-width: 1250px) 100vw, 1250px\" title=\"South Florida Business Journal Discusses Multifamily Market with Lee &amp; Associates South Florida Senior Vice President, Andy Hidalgo\" alt=\"South Florida Business Journal Discusses Multifamily Market with Lee &amp; Associates South Florida Senior Vice President, Andy Hidalgo\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><div id=\"panel-9085-0-0-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2>Apartment Vacancies on the Rise in South Florida, Report Says<\/h2>\n<h3 class=\"sub-headline\"><\/h3>\n<p>&nbsp;<\/p>\n<div class=\"item__title item__title--smaller\"><em>By\u00a0 Erik Bojnansky <span class=\"hidden--xs hidden--sm\">\u00a0\u2013\u00a0<\/span> South Florida Business Journal<\/em><\/div>\n<div class=\"item__title item__title--smaller\">May 3, 2023<\/div>\n<p>&nbsp;<\/p>\n<p class=\"content__segment combx paywall__content\">There were more empty South Florida apartment units in the first quarter of 2023 than the previous four quarters, a recent report stated.<\/p>\n<p class=\"content__segment combx paywall__content\"><strong>What is the vacancy rate in the Miami, Fort Lauderdale and West Palm Beach metro?<\/strong><\/p>\n<ul>\n<li class=\"content__segment combx paywall__content\">According to a multifamily (apartment) <a href=\"https:\/\/www.lee-associates.com\/southflorida\/2023\/04\/26\/lee-associates-q1-report-south-floridas-retail-sector-continues-to-outperform-national-average-multifamily-market-softens\/\">market report from the brokerage Lee &amp; Associates<\/a>, South Florida had a vacancy rate of 4.8% in Q1 2023, up from the 3.5% vacancy rate for Q1 2022. It's also higher than the vacancy rate for Q2 2022 (4.1%), Q3 2022 (4.6%), and Q4 2022 (4.5%).<\/li>\n<\/ul>\n<aside class=\"inset inset--major\"><\/aside>\n<p class=\"content__segment combx paywall__content\">The rents recorded in the report only include multifamily apartment buildings and not rented condos or single-family homes. As of Q1 2023, there were 536,673 units in South Florida, a 2.95% increase in apartment inventory from last year.<\/p>\n<p class=\"content__segment combx paywall__content\"><a href=\"https:\/\/www.lee-associates.com\/southflorida\/our-team\/andy-hidalgo\/\">Andy Hidalgo<\/a>, a senior vice president of <a href=\"https:\/\/www.lee-associates.com\/southflorida\/\">Lee &amp; Associates' South Florida office<\/a> and the author of the report, said that while the number of apartments leased \"took a slight hit,\" South Florida's multifamily apartment market is still stronger than most markets in the U.S.<\/p>\n<p class=\"content__segment combx paywall__content\">\"Rents in South Florida will continue to be up from pre-Covid levels, as this market is still a top choice for investors, notwithstanding the current economic climate, due to an unprecedented influx of people moving in from out of state,\" Hidalgo said.<\/p>\n<p class=\"content__segment combx paywall__content\"><strong>What is the asking rent for apartments in the Miami, Fort Lauderdale and West Palm Beach metro?<\/strong><\/p>\n<ul>\n<li>As of Q1 2023 the average asking rent for a multifamily apartment was $2,097 a month, a 2.84% increase from last year. However, that is far below the 20 to 30% annual rent increases South Florida experienced in 2021 and 2022 as remote working professionals and high-income households started moving to the region in droves.<\/li>\n<\/ul>\n<p class=\"content__segment combx paywall__content\">Real estate insiders anticipated a slowdown in apartment rent hikes last year, <a href=\"https:\/\/www.bizjournals.com\/southflorida\/news\/2022\/06\/30\/rental-market-slows-is-a-correction-on-the-horizon.html\" data-link=\"1\">though there was a disagreement over how much<\/a>.<\/p>\n<p class=\"content__segment combx paywall__content\">Hidalgo said rising interest rates, insurance rates, and building costs are making it too costly for most developers to build.<\/p>\n<p class=\"content__segment combx paywall__content\">\"The real estate economics in South Florida is overheated right now and doesn't make sense for a developer's bottom line,\" Hidalgo said. \"When interest rates on construction loans are at 8%, double the 4% from where it once was, the underwriting will not make any sense. The cost to build is higher than what developers would get for rent.\"<\/p>\n<p class=\"content__segment combx paywall__content\">But Hidalgo said \"savvy developers\" who obtained financing before interest rates increased will continue to build and be in a position to secure development rights from local governments. They \"will move forward with their entitlement processes, and get all the approvals in place to capitalize when the capital markets start to ease.\"<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.bizjournals.com\/southflorida\/news\/2023\/05\/03\/vacancies-move-upward-south-florida-report-says.html\">READ MORE...<\/a><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-9085-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-9085-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-9085-1-0-0\" class=\"so-panel widget widget_siteorigin-panels-builder panel-first-child\" data-index=\"2\" ><div id=\"pl-w6453cae5866ce\"  class=\"panel-layout\" ><div id=\"pg-w6453cae5866ce-0\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-w6453cae5866ce-0\" ><div id=\"pgc-w6453cae5866ce-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-w6453cae5866ce-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-c67d20f9f743\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.bizjournals.com\/southflorida\/news\/2023\/05\/03\/vacancies-move-upward-south-florida-report-says.html\"\n\t\t\ttarget=\"_blank\" rel=\"noopener noreferrer\" \t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/12\/SFBJ.jpg\" width=\"256\" height=\"80\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/12\/SFBJ.jpg 1094w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/12\/SFBJ-512x159.jpg 512w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/12\/SFBJ-768x239.jpg 768w\" sizes=\"(max-width: 256px) 100vw, 256px\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><div id=\"panel-w6453cae5866ce-0-0-1\" class=\"so-panel widget widget_sow-button panel-last-child\" data-index=\"1\" ><div class=\"panel-widget-style panel-widget-style-for-w6453cae5866ce-0-0-1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-leeassoc-7cab42e143bd\"\n\t\t\t\n\t\t><div class=\"leeassoc-so-btn-base ow-button-base ow-button-align-justify\">\r\n\t<a href=\"https:\/\/www.bizjournals.com\/southflorida\/news\/2023\/05\/03\/vacancies-move-upward-south-florida-report-says.html\" class=\"sowb-button ow-icon-placement-left ow-button-hover\" target=\"_blank\" rel=\"noopener noreferrer\" \t\t>\r\n\t\t<span>\r\n\t\t\t<span class=\"sow-icon-fontawesome sow-far\" data-sow-icon=\"&#xf1ea;\"\n\t\tstyle=\"\" \n\t\taria-hidden=\"true\"><\/span>\r\n\t\t\tRead Full Article at South Florida Business Journal\t\t<\/span>\r\n\t<\/a>\r\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"panel-9085-1-0-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3><strong>About Lee &amp; Associates South Florida<\/strong><\/h3>\n<p>Lee &amp; Associates South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee &amp; Associates is the largest agent owned brokerage in the nation with Senior Agent\u2019s ability to earn profit share resulting in the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making.\u00a0 The Lee &amp; Associates\u2019 robust national network that sold and leased over $32 Billion in 2022 offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee &amp; Associates South Florida, visit <a href=\"http:\/\/www.lee-associates.com\/\">leesouthflorida.com<\/a>\u00a0or follow us on\u00a0<a href=\"https:\/\/www.facebook.com\/leesouthflorida\">Facebook<\/a>,\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/leesouthflorida\">LinkedIn<\/a>,\u00a0<a href=\"https:\/\/twitter.com\/leesouthflorida\">Twitter<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.instagram.com\/leesouthflorida\">Instagram<\/a>, our company <a href=\"https:\/\/www.lee-associates.com\/southflorida\/news\/\">local news<\/a>.<\/p>\n<h3><strong>About Lee &amp; Associates<\/strong><\/h3>\n<p>Lee &amp; Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee &amp; Associates has grown its service platform to include over 75 offices\u00a0in the United States and Canada. Lee &amp; Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. \u00a0For the latest news from Lee &amp; Associates, visit\u00a0<a href=\"http:\/\/www.lee-associates.com\/\">lee-associates.com<\/a>\u00a0or follow us on\u00a0<a href=\"https:\/\/www.facebook.com\/LeeAssociatesCRE\">Facebook<\/a>,\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/lee-and-associates\">LinkedIn<\/a>,\u00a0<a href=\"https:\/\/twitter.com\/LeeAssociatesRE\">Twitter<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.linkbylee.com\/\">Link<\/a>, our company blog.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-9085-2\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-9085-2\" ><div id=\"pgc-9085-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-9085-2-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"4\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-9085\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/southflorida\/?page_id=7118\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-scaled.jpg\" width=\"2560\" height=\"384\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-scaled.jpg 2560w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-300x45.jpg 300w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-1024x154.jpg 1024w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-768x115.jpg 768w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-1536x230.jpg 1536w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-2048x307.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" title=\"Blog Footer_Services and Specialties\" alt=\"Lee &amp; Associates South Florida Commercial Real Estate\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Apartment Vacancies on the Rise in South Florida, Report Says &nbsp; By\u00a0 Erik Bojnansky \u00a0\u2013\u00a0 South Florida Business Journal May 3, 2023 &nbsp; There were more empty South Florida apartment units in the first quarter of 2023 than the previous four quarters, a recent report stated. What is the vacancy rate in the Miami, Fort Lauderdale and West Palm Beach metro? According to a multifamily (apartment) market report from the brokerage Lee &amp; Associates, South&#8230;<\/p>\n","protected":false},"author":76,"featured_media":9086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,1817,108],"tags":[1838],"class_list":["post-9085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-investment-sale","category-multifamily","tag-andy-hidalgo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Apartment Vacancies on the Rise in South Florida, Report Says - Lee &amp; Associates South Florida<\/title>\n<meta name=\"description\" content=\"There were more empty South Florida apartment units in the first quarter of 2023 than the previous four quarters, a recent report stated\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apartment Vacancies on the Rise in South Florida, Report Says\" \/>\n<meta property=\"og:description\" content=\"There were more empty South Florida apartment units in the first quarter of 2023 than the previous four quarters, a recent report stated\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates South Florida\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-03T19:57:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-04T15:10:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/05\/PR-Banner_Andy-Hidalgo_SFBJ.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1250\" \/>\n\t<meta property=\"og:image:height\" content=\"521\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"ssabatier\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ssabatier\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/\"},\"author\":{\"name\":\"ssabatier\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/#\\\/schema\\\/person\\\/d5447dfddeb31f214f5f2eb84c74068a\"},\"headline\":\"Apartment Vacancies on the Rise in South Florida, Report Says\",\"datePublished\":\"2023-05-03T19:57:18+00:00\",\"dateModified\":\"2023-05-04T15:10:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/\"},\"wordCount\":767,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/wp-content\\\/uploads\\\/sites\\\/62\\\/2023\\\/05\\\/PR-Banner_Andy-Hidalgo_SFBJ.png\",\"keywords\":[\"andy hidalgo\"],\"articleSection\":[\"All News\",\"Investment Sale\",\"Multifamily\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/\",\"name\":\"Apartment Vacancies on the Rise in South Florida, Report Says - Lee &amp; Associates South Florida\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/wp-content\\\/uploads\\\/sites\\\/62\\\/2023\\\/05\\\/PR-Banner_Andy-Hidalgo_SFBJ.png\",\"datePublished\":\"2023-05-03T19:57:18+00:00\",\"dateModified\":\"2023-05-04T15:10:29+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/#\\\/schema\\\/person\\\/d5447dfddeb31f214f5f2eb84c74068a\"},\"description\":\"There were more empty South Florida apartment units in the first quarter of 2023 than the previous four quarters, a recent report stated\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/wp-content\\\/uploads\\\/sites\\\/62\\\/2023\\\/05\\\/PR-Banner_Andy-Hidalgo_SFBJ.png\",\"contentUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/wp-content\\\/uploads\\\/sites\\\/62\\\/2023\\\/05\\\/PR-Banner_Andy-Hidalgo_SFBJ.png\",\"width\":1250,\"height\":521,\"caption\":\"South Florida Business Journal Discusses Multifamily Market with Lee & Associates South Florida Senior Vice President, Andy Hidalgo\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/05\\\/03\\\/apartment-vacancies-on-the-rise-in-south-florida-report-says\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Apartment Vacancies on the Rise in South Florida, Report Says\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/#website\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/\",\"name\":\"Lee &amp; Associates South Florida\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/#\\\/schema\\\/person\\\/d5447dfddeb31f214f5f2eb84c74068a\",\"name\":\"ssabatier\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/76076ca2ed28844d4cfe0734fd8e6fd097d1b23be59a491b1b85f416f805956a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/76076ca2ed28844d4cfe0734fd8e6fd097d1b23be59a491b1b85f416f805956a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/76076ca2ed28844d4cfe0734fd8e6fd097d1b23be59a491b1b85f416f805956a?s=96&d=mm&r=g\",\"caption\":\"ssabatier\"},\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/author\\\/ssabatier\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Apartment Vacancies on the Rise in South Florida, Report Says - Lee &amp; Associates South Florida","description":"There were more empty South Florida apartment units in the first quarter of 2023 than the previous four quarters, a recent report stated","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/","og_locale":"en_US","og_type":"article","og_title":"Apartment Vacancies on the Rise in South Florida, Report Says","og_description":"There were more empty South Florida apartment units in the first quarter of 2023 than the previous four quarters, a recent report stated","og_url":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/","og_site_name":"Lee &amp; Associates South Florida","article_published_time":"2023-05-03T19:57:18+00:00","article_modified_time":"2023-05-04T15:10:29+00:00","og_image":[{"width":1250,"height":521,"url":"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/05\/PR-Banner_Andy-Hidalgo_SFBJ.png","type":"image\/png"}],"author":"ssabatier","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ssabatier"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/#article","isPartOf":{"@id":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/"},"author":{"name":"ssabatier","@id":"https:\/\/www.lee-associates.com\/southflorida\/#\/schema\/person\/d5447dfddeb31f214f5f2eb84c74068a"},"headline":"Apartment Vacancies on the Rise in South Florida, Report Says","datePublished":"2023-05-03T19:57:18+00:00","dateModified":"2023-05-04T15:10:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/"},"wordCount":767,"commentCount":0,"image":{"@id":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/05\/PR-Banner_Andy-Hidalgo_SFBJ.png","keywords":["andy hidalgo"],"articleSection":["All News","Investment Sale","Multifamily"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/","url":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/","name":"Apartment Vacancies on the Rise in South Florida, Report Says - Lee &amp; Associates South Florida","isPartOf":{"@id":"https:\/\/www.lee-associates.com\/southflorida\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/#primaryimage"},"image":{"@id":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/05\/PR-Banner_Andy-Hidalgo_SFBJ.png","datePublished":"2023-05-03T19:57:18+00:00","dateModified":"2023-05-04T15:10:29+00:00","author":{"@id":"https:\/\/www.lee-associates.com\/southflorida\/#\/schema\/person\/d5447dfddeb31f214f5f2eb84c74068a"},"description":"There were more empty South Florida apartment units in the first quarter of 2023 than the previous four quarters, a recent report stated","breadcrumb":{"@id":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/#primaryimage","url":"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/05\/PR-Banner_Andy-Hidalgo_SFBJ.png","contentUrl":"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/05\/PR-Banner_Andy-Hidalgo_SFBJ.png","width":1250,"height":521,"caption":"South Florida Business Journal Discusses Multifamily Market with Lee & Associates South Florida Senior Vice President, Andy Hidalgo"},{"@type":"BreadcrumbList","@id":"https:\/\/www.lee-associates.com\/southflorida\/2023\/05\/03\/apartment-vacancies-on-the-rise-in-south-florida-report-says\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lee-associates.com\/southflorida\/"},{"@type":"ListItem","position":2,"name":"Apartment Vacancies on the Rise in South Florida, Report Says"}]},{"@type":"WebSite","@id":"https:\/\/www.lee-associates.com\/southflorida\/#website","url":"https:\/\/www.lee-associates.com\/southflorida\/","name":"Lee &amp; Associates South Florida","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lee-associates.com\/southflorida\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.lee-associates.com\/southflorida\/#\/schema\/person\/d5447dfddeb31f214f5f2eb84c74068a","name":"ssabatier","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/76076ca2ed28844d4cfe0734fd8e6fd097d1b23be59a491b1b85f416f805956a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/76076ca2ed28844d4cfe0734fd8e6fd097d1b23be59a491b1b85f416f805956a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/76076ca2ed28844d4cfe0734fd8e6fd097d1b23be59a491b1b85f416f805956a?s=96&d=mm&r=g","caption":"ssabatier"},"url":"https:\/\/www.lee-associates.com\/southflorida\/author\/ssabatier\/"}]}},"_links":{"self":[{"href":"https:\/\/www.lee-associates.com\/southflorida\/wp-json\/wp\/v2\/posts\/9085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lee-associates.com\/southflorida\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lee-associates.com\/southflorida\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lee-associates.com\/southflorida\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lee-associates.com\/southflorida\/wp-json\/wp\/v2\/comments?post=9085"}],"version-history":[{"count":6,"href":"https:\/\/www.lee-associates.com\/southflorida\/wp-json\/wp\/v2\/posts\/9085\/revisions"}],"predecessor-version":[{"id":9092,"href":"https:\/\/www.lee-associates.com\/southflorida\/wp-json\/wp\/v2\/posts\/9085\/revisions\/9092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lee-associates.com\/southflorida\/wp-json\/wp\/v2\/media\/9086"}],"wp:attachment":[{"href":"https:\/\/www.lee-associates.com\/southflorida\/wp-json\/wp\/v2\/media?parent=9085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lee-associates.com\/southflorida\/wp-json\/wp\/v2\/categories?post=9085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lee-associates.com\/southflorida\/wp-json\/wp\/v2\/tags?post=9085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}