This has been a challenging year for the Miami condo market, with slower sales, but most developers don’t believe the bottom will fall out.
JORGE PEREZ, CEO, The Related Group: “International demand will still come to Miami, but there are a lot of projects to choose from. Our company is shifting into the international market in Latin America, and into rental product and government-sponsored and affordable housing. We see us having less emphasis on the condo market, and we still think the rental market is very strong the next few years.
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