A multi-family building in Miami Miami's multi-family market, which has been the target of developers in recent months, is in line for a strong year, according to a report from Marcus & Millichap. The firm projects vacancy in Miami's apartment market to fall to 4.9 percent, following a 40-basis-point drop in 2010. Asking rents are slated to rise 1.1 percent, according to the report, to an average of $1.080 per month. Asking rents rose 2.6 percent in 2010. Builders are projected to deliver 273 new units this year, following the completion of 664 units last year, with another 550 rental units under construction and scheduled for delivery in 2012. -- Alexander Britell
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