Amid rising construction costs, fluctuating interest rates and tariff disputes, developers are increasingly choosing to sell sites they have spent years entitling rather than sit on land they can’t afford to build on yet.
From luxury condo launches to housing for essential workers, there are eight major developments shaping Miami’s property market.
Grappling with growing issues around affordability, safety, and intense development, here’s a snapshot of the top challenges highlighting the region’s housing struggles.
The real estate market in South Florida is undergoing a dynamic shift, tackling long-standing challenges around affordability, urban density, and lifestyle. Here are five key trends shaping the local market.
No-bid government land deals are typically justified in emergency situations, such as post-disaster recovery. However, when there is no emergency and without a competitive process, Miami-Dade county can’t be sure it’s getting the best deal possible.
Additionally, it led the nation in net international migration, gaining 123,835 people from abroad.
According to filings, the project will feature 544 residential units, 3,680 square feet of commercial space, and a five-level parking garage with 157 spaces.
Beyond Brazil, the Council is eyeing Europe.
Other Florida cities, such as Tampa and Boca Raton, are also emerging players in proptech.
The new space will accommodate 45 lawyers and business professionals specializing in corporate law, taxation, wealth management, investigations, litigation, arbitration, international trade, and global migration.