Renting a Continuum South Beach Unit in the Upcoming Peak Season!
- October 30th, 2019
‘Tis the Season to be Renting Your Unit!
The winter season is coming and that means peak season for Continuum’s rental market. During the months to come, the rental market sees a huge boost in demand and consequently prices will be increasing.
Unit 2806 at the South Tower is a fully furnished seasonal rental unit that is now pending with a list price of $19,500 per month. This listing is provided by Miriela Marcos of Marcos Real Estate Services
Increasing Number of Rentals and Rental Prices
The number of lease signed in the last 2 months in South of Fifth is 130, 40% more than the ones signed in July and August!!!
These numbers are still growing and the rates go even higher as the demand increases and the supply is very limited. Increases of 20% to 30% in the rental rates are the norm for the seasonal rents and the length of the stay is usually between 3 to 6 months.
What Units are Renting?
Large units; 3 and 4 bedrooms are particularly high in demand as families like to visit the Miami Beach areas and be close to the actual sand.
- A lease at Continuum for that kind of units ranges between $35K and $50K per month.
- At Portofino such a large unit rents between $20K and $25K per months
- One Ocean units rent around $15K per month