“Really not overbuilt”: Bruce Menin, Erik Rutter, Joe Lubeck argue South Florida does not have a multifamily supply overhang
Multifamily developers Bruce Menin, Erik Rutter and Joe Lubeck say South Florida needs more housing, but skittish equity investment is among the many barriers to entry. The trio, who spoke during The Real Deal Miami Real Estate Forum 2025, pushed back on the notion the tri-county region is struggling with a supply overhang due to hefty completions in recent years. Instead, demand is high and supply is low for the highest quality apartments, the developers said. Last year, a record 18,600 apartments were completed in South Florida, outpacing 15,000 net new leases, according to CoStar Group. Developers started construction of […]This article originally appeared on The Real Deal. Click here to read the full story.
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