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.
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