Miami REIT Gains Outpace Peers as ARE Stock Rallies Again
Miami REIT Performance Drives Market Leadership Despite National Headwinds Miami's multifamily real estate investment trusts have surged ahead of their national counterparts. This is despite the widespread industry headwinds that continue to pressurize markets across the United States. The Miami market showcased exceptional resilience through a robust net absorption of 7,654 units over the past 12 months. This occurred even as 9,649 new units were introduced to an already competitive environment. Average asking rents reached $2,434 per unit in Q1 2025. At the same time, vacancy rates held steady at 6.0 percent, signaling sustained occupancy strength amid mounting supply pressures. Multifamily REITs outperformed expectations during the first quarter. This was driven by strong demand fundamentals and consistent rent collection across Miami's diverse submarkets. Leading companies report improved rent collection patterns that mirror national trends seen in major metropolitan areas...