Overview

• Apartment vacancies in Doral have climbed to 6.5% from 5.6% in late 2024, with some buildings exceeding 10%, according to the Journal.
• Rents have fallen to three-year lows following a wave of departures by Venezuelan residents in a city where roughly 40% of the population is of Venezuelan origin.
• Republican Mayor Christi Fraga says some families have self-deported and acknowledges the shift will affect the housing market.
• Leasing agents report tenants leaving as temporary statuses expire, and some building owners now require immigration status disclosures and reject applicants on temporary permits.
• Costar Group notes about 70% of immigrants to South Florida since 2010 are renters, and an analyst calls the immigration crackdown a net negative for multifamily housing.