How much space does $1,500 in rent get in Miami? Not much, according to Apartment List – South Florida Business Journal

It’s widely known that rents in South Florida, especially in Miami, are high compared to most cities, but what’s often overlooked is that apartments here are also smaller.

The rent per square foot tends to be especially high in Miami, meaning that residents receive less bang for their buck in terms of living space. That has become a quality of life issue for workers and they look to have families, or even large pets.

According to Apartment List, forking over $1,500 in rent in South Florida will secure an apartment of 890 square feet, based on the average price per square foot of $1.68. In Miami, that same $1,500 would secure a unit of just 770 square feet.

The most expensive major city was San Francisco, with a $1,500 payment being enough to rent a tiny 340 square feet. Other pricey cities that weren’t far behind included New York (350 square feet), Boston (470 square feet), Washington, D.C., (510 square feet), Los Angeles (560 square feet) and Seattle (620 square feet).

Miami apartments are downright cavernous in comparison to those cities. But there are other major cities that offer much more space per rent dollar.

Just up Interstate 95 in Jacksonville, $1,500 can rent 1,630 square feet. Other affordable cities include Memphis, Tennessee (2,090 square feet), Indianapolis (1,770 square feet), Detroit (1,750 square feet), Las Vegas (1,640 square feet), Phoenix (1,480 square feet), Charlotte, North Carolina (1,430 square feet), Houston (1,220 square feet), Baltimore (1,090 square feet), Philadelphia (1,030 square feet), Dallas (1,020 square feet), Austin, Texas (1,020 square feet) and Atlanta (1,020 square feet).

Chicago, at 890 square feet, is fairly similar to South Florida.

Here are how some other Florida cities compare on how much space $1,500 in rent can lease:

Port St. Lucie 1,570 square feetHomestead 1,410 square feetOrlando 1,330 square feetCutler Bay 1,300 square feetRoyal Palm Beach 1,300 square feetFort Myers 1,260 square feetTampa 1,230 square feetTamarac 1,190 square feetCoral Springs 1,180 square feetMiramar 1,150 square feetParkland 1,140 square feetCoconut Creek 1,130 square feetMiami Gardens 1,120 square feetLake Worth 1,110 square feetBoynton Beach 1,100 square feetPembroke Pines 1,090 square feetSunrise 1,090 square feetPlantation 1,090 square feetDavie 1,080 square feetStuart 1,050 square feetHialeah 1,030 square feetSt. Petersburg 1,030 square feetOakland Park 1,020 square feetMiami Lakes 1,010 square feetNorth Miami 980 square feetDoral 960 square feet Dania Beach 950 square feet Hollywood 950 square feetPompano Beach 940 square feetBoca Raton 910 square feetFort Lauderdale 910 square feetRiviera Beach 910 square feetLighthouse Point 900 square feetDeerfield Beach 890 square feetNorth Miami Beach 870 square feet Palm Beach Gardens 860 square feetDelray Beach 810 square feetAventura 800 square feetBay Harbor Islands 780 square feetNorth Bay Village 720 square feetNaples 710 square feetCoral Gables 690 square feetSurfside 670 square feetJuno Beach 630 square feetKey Largo 620 square feetSunny Isles Beach 560 square feetMiami Beach 520 square feetKey Biscayne 470 square feetTown of Palm Beach 440 square feetKey West 430 square feetBal Harbour 420 square feet

Commercial Property Management Firms

Ranked by Sq. ft. managed, July 2017

Rank Company Sq. ft. managed, July 2017 1 Cushman & Wakefield of Florida 24.23 million 2 CBRE 20.79 million 3 Prologis 14.7 million View This List

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