Miami’s condo market of future less about “cycles and roller coaster rides”: TRD panel
Developers Michael Stern, Jules Trump and others say shortage of inventory, tightening credit markets could serve to stabilize market
A shortage of developable land and a credit crunch means Miami’s luxury condo market will see significantly fewer new projects break ground next year.
“There are a lot of properties that continue to be marketed that still haven’t come out of the ground,” said Louis Birdman, who is developing Zaha Hadid’s luxury One Thousand Museum.
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