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Fort Myers takes 2nd in FGCU research study of the majority of miscalculated rental markets


May 4, 2022
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Lease rates are through the roofing system, however how high are they in Southwest Florida? A brand-new FGCU research study takes a look at the nation’s leading 25 most miscalculated rental markets.

The leading 5 most miscalculated cities were all in Florida. Fort Myers ranked Second. According to the research study, the typical rate for lease in Fort Myers is more than $2,000.

If you wish to purchase a home or lease an apartment or condo in Fort Myers, be all set to clear your wallet.

Tessa Moran is an university student at Florida Gulf Coast University. When she heard Fort Myers ranked 2nd for the majority of costly real estate, “It’s a little frightening, I will not lie,” stated Moran.

FGCU Teacher Shelton Weeks, a Lucas Teacher of Property who became part of the research study was stunned by the outcomes.

” I understood it would be close to the leading based upon the numbers that I ‘d spoken with individuals having their rental rates increase when the lease is restored. A bit amazed that it was really second,” stated Weeks.

In the in 2015, the rate of single-family houses in Lee County increased 24%. In Charlotte County, they increased 38%, and in Collier County, the boost was 25%.

All 3 counties saw rates increase, however sales dropped.

” When you integrate it with the increased expense of building and construction, then buying ends up being less of a choice, requiring individuals to remain in the rental market longer,” stated Weeks.

The research study has Moran questioning if remaining in Florida is even worth it. “For university student, you need to take that into account. What you’re paying today may not be the exact same next year and in 3 years. You actually need to budget plan your cash now and type of strategy ahead,” stated Moran.

Teacher Weeks states it is not yet time to lose hope. “We’re seeing upper pressure on incomes too. So those will ultimately capture up. It simply tends to be a little slower.”

According to the FGCU research study, Miami and Fort Lauderdale ranked initially, right prior to Fort Myers.

If you want to check out the total FGCU research study, you can do so in the file listed below.

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