By Melea VanOstrand | June 1, 2022
Millennials and blue-collar workers comprise much of the renter demographic.
By Melea VanOstrand | May 27, 2022
"While the maintenance requirements and costs of that keep going up, the value of these older units keeps going down steadily as brand-new projects keep going up around them,' said Joe Hernandez. "The economics of trying to continue to maintain an older building becomes very difficult. if not impossible."
By Melea VanOstrand | May 26, 2022
"Yes, incomes are going up, but people didn't just wake up and all of a sudden find $500 more bucks a month to pay for housing overnight in the last three to five months," said Andy Zhu, director of business development at Pentagon Holdings.
Daily Business Review | Analysis|Event
By Raychel Lean | May 25, 2022
The dreaded R-word came up at a Miami Beach real estate conference, but panelists were confident that one sector in particular would weather economic turbulence well.
By Melea VanOstrand | May 24, 2022
"It's not being raised over $96 million," said Judge Michael Hanzman in court.
By Melea VanOstrand | May 24, 2022
"If we do go into a recession, building housing is going to take us out," one speaker said.
Daily Business Review | Analysis|Event
By Raychel Lean | May 23, 2022
Speakers at a Miami Beach conference on Monday encouraged landlords to raise rents in more thoughtful and sustainable ways, noting, "If you're renting now you're renting, probably, for a long time."
By Melea VanOstrand | May 20, 2022
"It's not fun for people who are locally here, but the rents don't seem high coming from New York. In fact, they seem low still. I think until we adjust, it's going to be hard for locals or people who have been here a while," said Colliers executive managing director Mika Mattingly.
By Melea VanOstrand | May 19, 2022
Demand for existing rentals and condo inventory in the Brickell and Aventura areas are still booming, as the submarkets are recipients of the attractiveness of Miami, says Craig Studnicky, CEO of ISG World, a real estate sales and marketing company in Aventura.
By Ingrid Tunberg | May 19, 2022
The newcomer joins the firm from Marcus & Millichap to support CBRE's advisory business within South Florida.
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