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2024 Update: Long-Term Rental Markets In Florida
The document provides an in-depth analysis of Florida's long-term rental markets, detailing challenges like rising rental costs and the imbalance between demand and supply. It discusses legislative efforts, such as the "Live Local Act," to address these issues and improve affordable housing options. The commentary highlights trends in rental price increases across the state, the impact of these trends on Florida's workforce and economy, and the migration patterns influenced by housing affordability. It concludes with a look ahead, emphasizing the need for continued focus on affordable housing to support Florida's economic growth and workforce retention.