The fundamentals look good in many areas of the South Florida real estate market, but some sectors will continue to feel pressure in the near term from issues ranging from unemployment to tight credit markets and developer impact fees. This information came from industry leaders who participated in the recent forum South Florida Real Estate: Boom and Bust – Reflections on the Past and Realistic Perspectives for the Future. The forum, sponsored by the University of Miami (UM) School of Business Administration, provided an opportunity for a candid assessment of the state of the South Florida real estate market among many of the industry’s key players.
The forum brought together 12 leaders from the region’s development, banking, government and education sectors, representing such firms as The Related Group, Carlisle Development Group, Ponce Circle Developers, CB Richard Ellis, BankUnited and Condo.com, among others. It was moderated by Rene Sacasas, director of real estate programs at the UM School of Business Administration, and included dozens of invited guests in the audience.