How Miami Is Tackling Condo And Rental Market Challenges

South Florida’s condo and rental markets are grappling with growing issues around affordability, safety, and intense development.

While high-end luxury apartments continue to rise—especially in downtown Miami—the demand for affordable housing remains unmet. Despite a slight drop in rents due to a surge in supply, many residents still struggle with high housing costs and stagnant wages.

Safety regulations introduced after the 2021 Surfside condo collapse have also added financial pressure. Condo owners now face increased repair costs, stricter reserve requirements, and rising insurance premiums.

Here’s a snapshot of the top stories highlighting the region’s housing struggles:

1. Affordable Housing Still Elusive Despite New Downtown Projects
Even as areas like Hollywood expand apartment construction, affordability remains out of reach for many.
Click here to read the full story published Oct. 4, 2024

2. New Stores Open in Downtown Miami
A look at the latest retail arrivals and what’s coming next.
Click here to read the full story published Nov. 13, 2024

3. South Florida Rent Prices Shift
Rents have seen a modest decline. But is this trend here to stay?
Click here to read the full story published Nov. 15, 2024

4. $50K County Loans Offer Relief to Condo Owners
A new loan program aims to help owners hit with special assessments—but future funding is uncertain.
Click here to read the full story published Dec. 31, 2024

5. Condo Safety Gets a Tech Boost
A Miami company is rolling out early warning sensors to detect structural issues before they become disasters.
Click here to read the full story published Feb. 14, 2025

6. Surfside Law Spurs Rising Fees, Foreclosures
New rules designed to boost condo safety are also making ownership more expensive.
Click here to read the full story published Mar. 1, 2025

7. Mortgage Blacklists Hit Hundreds of Condos
A growing number of condos in South Florida are being flagged by lenders, locking owners out of refinancing and buyers out of loans.
Click here to read the full story published Apr. 4, 2025

Source: Miami Herald