Maturing Miami

“The Downtown Miami market continues to show marked resiliency in the face of global economic headwinds, and the low buyer leverage makes bubble-fears appear overblown for the second straight year,” says Tony Graziano, Author of the recently released Miami DDA Annual Residential Market Report. “The current real estate market is nearing a soft landing as opposed to the crash it experienced in the last cycle where over-speculation and over-leverage dominated development activity.” Plus, a new full-time community is developing with 96% of units owner- or tenant-occupied, which in turn is fueling strong commercial growth.