Rents down, vacancies up as Trump’s immigration policies hit Doral
In Doral, the vacancy rate is up to 6.5 percent, and rents have hit a three-year low. Yes, the Miami market is cooling, but Doral is facing more than just a slowdown. About 40 percent of Doral’s 80,000 residents were born in Venezuela or have Venezuelan heritage, and these families are fleeing President Donald Trump’s immigration crackdown, the Wall Street Journal reports. In some Doral buildings, vacancy rates are reaching 10 percent or more as residents contend with uncertain immigration status, according to the Journal. Many Venezuelans are living in the U.S. with temporary legal status, the result of programs […]This article originally appeared on The Real Deal. Click here to read the full story.
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