Project Manager for Brickell Heights Condominium and Senior Vice President Arden Karson of the Related Group’s Acquisitions, Distressed Debt and Strategic Opportunities Division has recently spoken about in-depth analysis of South Florida’s condominium market made by Related ISG. Entitled 2020: The New Miami.
The analysis is not only focusing on condo market but also covering the Golden Age of Growth that is being experienced by South Florida region. It is said that with the improvement in commerce industries, dining, arts, transit, and high end retail, Miami has turned out to be world’s best place to live, play and work.
It has been illustrated in the analysis that the condo developers have started taking advantage of raising demand that is being created by New Miami. It is said that since January 2012, a big number of condo units have built, sold and put on rent in Aventura, North Miami, Coconut Grove, Key Biscayne, Biscayne Corridor, the Miami Beaches, and Fort Lauderdale.
It goes without saying that since 2012 Brickell alone has more than 4000 condo units available for rent and sale. It is said that more than 50 percent of them has already been sold. The remaining condo units will be sold in next 2 years to come.