Continuing a Miami-area trend, rental activity is seeing a decline in South Beach due largely to increasing rental rates, according to a report from Condo Vultures. Activity fell 3 percent in the third quarter, according to the report, with a 10 percent increase in the median lease rate. That was accompanied by a drop of 625 total properties leased in the third quarter, compared to 645 in the same period in 2011. The analysis was
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