From the South Florida market report: South Florida real estate is on a roller coaster that is finally going uphill — careening, really, at top speed. Inventory is tight. A couple hundred condo towers are planned. Scads of price records have been broken (see page 32). Money is flowing from banks again. Just how long, though, will the ride last? That’s anybody’s guess, but here are numbers to get your bearing on where the market is, where it’s been and where it might be headed.
|Dev site in Wynwood hits the market|
|E-commerce is driving industrial demand, especially in Miami|
|Nautilus South Beach marketed for sale, sources say could sell for as much as $180M|
|50,000-square-foot lot underneath Macy’s Miami Beach hits the market|
Auto titan buys Penske dealership in
Royal Palm Beach