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Miami luxury rentals’ development outpaces demand

Posted by Christopher Lazaro on May 21, 2024
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Miami luxury rentals' development is surpassing demand, with an oversupply of high-end residential buildings. Factors contributing to this imbalance include high interest rates, construction costs, and an abundance of available units. Despite the current sluggish market, developers who started projects recently are expected to fare well in the future.

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