Many of us would love to live in Miami Beach condos but the price tags attached to a nice unit overlooking the beach or Ocean Drive usually mean that a lot of us can only hope to someday experience what the barrier island is all about. While renting is also a very popular option, you may be surprised to know that a neighbor to the north actually attracts a greater number of renters.
In terms of renting, Miami Beach condos have been usurped by Sunny Isles Beach condos. This year has seen a burgeoning number of renters moving into the city just north of Miami Beach, over fifty leases were taken out during the first few months. These numbers account for a nearly ten percent increase from 2010.
Currently there are about 280 Sunny Isles Beach condo units available which translates to about four months worth of inventory. If you're interested in learning more about these units, rates are currently $1.32 per square foot which is almost four percent higher than last year. Also remember that there are many Miami Beach condos available for rent.