Warning: 62% Of South Florida Condo Associations Failed To Complete A SIRS By 2025 Deadline

In this latest issue of the Miami Condo Market Intelligence Report™, we examine a new report that found most South Florida condo associations have failed to complete a mandatory life-safety study.

For this week’s Miami Condo Market Intelligence Report™ newsletter, we examine a new report from the Miami Association of Realtors that found 62 percent of South Florida condo associations have failed to complete a mandatory Structural Integrity Reserve Study (SIRS) despite a deadline of Dec. 31, 2024.

Miami-Dade County has the distinction of being the top performer, with a staggering 56 percent of its associations failing to complete a SIRS, according to the report from Miami Realtors Chief Economist Gay Cororaton that was unveiled at the trade group’s “Condo Summit” on Feb. 14, 2025.

Broward County ranked second with a 59-percent rate of condo associations failing to complete a SIRS. Palm Beach County was a distant third with a fail rate of 72 percent.

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The views and opinions expressed in this report are for general informational purposes only. It is believed to be accurate and complete based on current market trends but cannot be guaranteed or warranted as circumstances change without notice. It should not be considered as financial, legal, tax or investment advice. This content should not be relied upon as the sole basis for making any financial decisions. Before making any investment or financial decisions, you should consult with a qualified professional to determine the suitability of any investment or strategy for your individual circumstances and goals.

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