Design & Real Estate

Maturing Miami

Ever wonder exactly what all the construction cranes dotting the sky across the water in Downtown mean to the overall South Florida economy and our property values? Read on to find out.

“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.