Delray Beach Rental News

South Florida rated most cash-poor metro in nation


By Donna Gehrke-White, Sun Sentinel


The high cost of living in South Florida leaves people more vulnerable to a financial crisis than anywhere in the country, a new study concludes.


Of the nation's 35 largest metros, the tri-county area has the highest percentage of households that don't have enough cash or other liquid assets to pay for three months of expenses, according to data compiled by the Corporation for Enterprise Development, a non-profit in Washington, D.C., that promotes economic opportunity for families.


Some 48.9 percent of families in Broward, Palm Beach and Miami-Dade counties don't have $5,876 in bank, investment and retirement accounts — the amount the study says even an impoverished family of four needs for three months of expenses.

Renters feel trapped amid higher costs, stiff competition


South Florida one of least affordable rental markets in country

By Paul Owers | Sun Sentinel


Rent takes a bigger chunk of your paycheck in South Florida than almost anywhere in the nation, and the burden is getting heavier.


Renters here, on average, spend 44 percent of their incomes for a place to live, far more than the national average of 30 percent, according to new data from, a home listing service.


South Florida's rent burden ranks third-highest in the country, on par with San Francisco, Zillow found. Only Los Angeles, where 48 percent of income goes to rent, and Sarasota (47 percent) rank higher.

180 apartments coming to Delray Beach


By Paul Owers, Sun Sentinel


A Dallas-based company is building 180 luxury apartments near downtown Delray Beach, continuing a trend of rental construction across South Florida.


Behringer Harvard is clearing eight acres for The Franklin Delray at 1206 S. Federal Highway, less than a mile south of Atlantic Avenue shops and restaurants.


"We believe our project sets itself apart, especially in location," said Jason Mattox, chief operating officer of the firm.


Apartments approved for nursery land west of Delray


By Andy Reid, Sun Sentinel


A plant nursery surrounded by neighborhoods can turn into 346 apartments west of Delray Beach, Palm Beach County commissioners decided Thursday.


Redesigning plans to move three-story apartment buildings farther away from neighboring houses and beefing up landscaped buffer areas helped ease concerns of nearby residents worried about what would be moving in next door.


The concessions also made it easier for commissioners to say "yes" Thursday to zoning approvals needed for the proposed Stonybrook on the Lake apartments.