Miami market pivots: Where does your business go from here?
Miami market pivots: Where does your business go from here? Miami’s real estate market is approaching a critical point. High interest rates have stalled or canceled major projects in the office and condo sectors, and developers are searching far and wide for fresh equity. Multifamily owners are dealing with stagnating rents in some areas, while demand still causes a squeeze in others. Some residential listings sit on the market, while others go for record prices, creating more competition between brokers than ever. The days of running on hope and move-to-Miami momentum are over. Smart dealmakers are looking for strategic pivots […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Faena Residences developers presell $30M penthouse for record price along Miami River
“Animal House”: Brickell condo owners outraged by short-term rental goons
NFL’s Larry Ogunjobi turns developer with $16M spec home in Biscayne Point
Firms tied to Argentine soccer money probe bought four Miami-Dade properties
$1M rent, $100 steaks: Inside Coconut Grove’s booming restaurant scene
Miami secures $193M permit to build civic center at Freedom Park
Wetland development cost Florida homeowners $1.6B in flood damages, study finds
South Florida’s top deals: Double Venetian Islands property trade for $33M
Average 30-year mortgage rate climbs to highest level in nearly a year
New NAR survey: Americans value walkable neighborhoods
