Challenges In The Key Biscayne Condo Rental Market

I have been working with clients for the past few weeks who are looking to rent a 3 bedroom apartment at The Ocean Club or The Grand Bay.  The search has been a bit challenging for a couple of reasons.  First, there are many condo owners who would prefer to rent their units only during the high season and use the condos themselves as a second home during the rest of the year.  Another issue has been owners who have their condos on the market for rent and sale but have recently decided that due to rising prices they would prefer to sell.  I must have come across this at least 6 times!  On the upside, sellers have been waiting for the “right time to sell” and it seems that time has finally come.