September 20, 2021

Volume XI, Number 263

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September 20, 2021

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Miami’s Golden Age re: South Florida's Condominium Market

Recently Arden Karson, a Senior Vice President of The Related Group’s Acquisitions, Distressed Debt and Strategic Opportunities Division and the Project Manager for Brickell Heights Condominium, spoke about the latest in-depth analysis of South Florida’s condominium market prepared by Related ISG. Entitled “2020: The New Miami,” the analysis focuses not only on the condo market, but also the new “Golden Age of Growth” that Miami and the greater South Florida region are experiencing. With major improvements in the arts, dining, high-end retail, transit and commerce industries, Miami has solidified itself as one of the top cities in the world to live, work and play.

MiamiAs illustrated in the following 2020 report charts by Related ISG, condo developers are taking advantage of the increased demand that the “New Miami” is creating. Since January 2012, the total number of new construction condo units to be built, sold and currently available for sale in the Biscayne Corridor, the Miami Beaches, Fort Lauderdale, Aventura, North Miami, Coconut Grove and Key Biscayne is more than ten thousand.

Since early 2012, Brickell alone has almost four thousand new construction condo units available for sale, almost 60% of which are already sold. With all the growth, it is no wonder Knight Frank listed Miami at the 7th most important global city that matters to the worlds wealthy.

Miami

Miami

© 2021 Bilzin Sumberg Baena Price & Axelrod LLPNational Law Review, Volume IV, Number 115
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About this Author

Suzanne M. Amaducci-Adams, Bilzin Sumberg Law Firm, Miami, Real Estate Law Attorney
Partner

As the leader of one of the largest real estate practices in Florida, Suzanne knows that the “old playbook” doesn’t work anymore. Her experience has led her to the creation of tailored, yet practical, legal solutions that adjust to the cycles of the market and the unique aspects of each transaction. 

Suzanne advises developers and owners across every stage of their investments, and also works with alternative finance lenders, institutional investors, family offices, and publicly traded companies. She is very active in the areas of marina and hotel acquisition,...

305-350-2370
Alexandra Lehson, Commercial Real Estate Attorney, Bilzin Sumberg Law Firm
Partner

Alexandra, never content with an off-the-shelf approach, is known to seek out creative solutions to meet her clients' objectives.

Alexandra focuses her practice on all aspects of commercial real estate transactions, including complex commercial financing on behalf of borrowers and lenders, acquisitions, dispositions, and leasing. She has significant experience in the REIT and hospitality industries and is active with the servicing, workout, and documentation of loans on a nationwide basis.  Alexandra's practice also includes structuring transactions for optimum...

305-375-6128
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