Annual increase: 7%
Average monthly rent: $1,124
Vacancy rate: 6.8% (8.1% in 2009)
Average concession: -6%
"Projected job growth and the release of pent-up demand for rental housing continue to spur a modest recovery in the Palm Beach County apartment market," reported the commercial real estate brokerage Marcus & Millichap. Within this metro area, Boca Raton West had the biggest rent increase last year, 9 percent, AXIOMetrics data show. The jobless rate in the West Palm Beach metro area rose to an annual average of about 12 percent last year, BLS preliminary figures show, from 10.8 percent in 2009.