Commercial real estate firm CBRE has published that Miami is the 10th ranked city when it comes to world cities with the most expensive rent. Miami's average monthly rent was $1,868 per month, a number that is rapidly increasing as Miami is also 7th in the world when it comes to % increase in average monthly rental rate. The Next Miami has reported investors in Miami see an overall yield of 2.6%. Miami trailed other U.S. markets of Los Angeles, which led at $2,544 per month, and New York at $2,422 per month. Miami has begun to supplant itself as one of the leading major cities in the U.S. in terms of real estate and the market continues to look strong despite continued uncertainty.