How Much Space Does $1,500 in Rent Get in Miami?

How Much Space Does $1,500 in Rent Get in Miami?

It is broadly recognized that rents in South Florida, particularly in Miami, are excessive in comparison with most cities, however what’s usually ignored is that flats listed below are additionally smaller. The lease per sq. foot tends to be particularly excessive in Miami, that means that residents obtain much less bang for his or her buck in phrases of dwelling area. That has change into a top quality of life problem for employees they usually look to have households, and even giant pets. In accordance with Residence Checklist, forking over $1,500 in lease in South Florida will safe an house of 890 sq. toes, based mostly on the common value per sq. foot of $1.68. In Miami, that very same $1,500 would safe a unit of simply 770 sq. toes.

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The most costly main metropolis was San Francisco, with a $1,500 fee being sufficient to lease a tiny 340 sq. toes. Different dear cities that weren’t far behind included New York (350 sq. toes), Boston (470 sq. toes), Washington, D.C., (510 sq. toes), Los Angeles (560 sq. toes) and Seattle (620 sq. toes).

Miami flats are downright cavernous in comparability to these cities. However there are different main cities that supply rather more area per lease greenback.

Simply up Interstate 95 in Jacksonville, $1,500 can lease 1,630 sq. toes. Different reasonably priced cities embody Memphis, Tennessee (2,090 sq. toes), Indianapolis (1,770 sq. toes), Detroit (1,750 sq. toes), Las Vegas (1,640 sq. toes), Phoenix (1,480 sq. toes), Charlotte, North Carolina (1,430 sq. toes), Houston (1,220 sq. toes), Baltimore (1,090 sq. toes), Philadelphia (1,030 sq. toes), Dallas (1,020 sq. toes), Austin, Texas (1,020 sq. toes) and Atlanta (1,020 sq. toes).

Chicago, at 890 sq. toes, is pretty just like South Florida.

Listed below are how another Florida cities examine on how a lot area $1,500 in lease can lease:

– Port St. Lucie 1,570 sq. toes
– Homestead 1,410 sq. toes
– Orlando 1,330 sq. toes
– Cutler Bay 1,300 sq. toes
– Royal Palm Seaside 1,300 sq. toes
– Fort Myers 1,260 sq. toes
– Tampa 1,230 sq. toes
– Tamarac 1,190 sq. toes
– Coral Springs 1,180 sq. toes
– Miramar 1,150 sq. toes
– Parkland 1,140 sq. toes
– Coconut Creek 1,130 sq. toes
– Miami Gardens 1,120 sq. toes
– Lake Value 1,110 sq. toes
– Boynton Seaside 1,100 sq. toes
– Pembroke Pines 1,090 sq. toes
– Dawn 1,090 sq. toes
– Plantation 1,090 sq. toes
– Davie 1,080 sq. toes
– Stuart 1,050 sq. toes
– Hialeah 1,030 sq. toes
– St. Petersburg 1,030 sq. toes
– Oakland Park 1,020 sq. toes
– Miami Lakes 1,010 sq. toes
– North Miami 980 sq. toes
– Doral 960 sq. toes
– Dania Seaside 950 sq. toes
– Hollywood 950 sq. toes
– Pompano Seaside 940 sq. toes
– Boca Raton 910 sq. toes
– Fort Lauderdale 910 sq. toes
– Riviera Seaside 910 sq. toes
– Lighthouse Level 900 sq. toes
– Deerfield Seaside 890 sq. toes
– North Miami Seaside 870 sq. toes
– Palm Seaside Gardens 860 sq. toes
– Delray Seaside 810 sq. toes
– Aventura 800 sq. toes
– Bay Harbor Islands 780 sq. toes
– North Bay Village 720 sq. toes
– Naples 710 sq. toes
– Coral Gables 690 sq. toes
– Surfside 670 sq. toes
– Juno Seaside 630 sq. toes
– Key Largo 620 sq. toes
– Sunny Isles Seaside 560 sq. toes
– Miami Seaside 520 sq. toes
– Key Biscayne 470 sq. toes
– City of Palm Seaside 440 sq. toes
– Key West 430 sq. toes
– Bal Harbour 420 sq. charge