Miami Beach Condo Market Slowly Nears 30,000-Unit Milestone

A review of the statistics shows that the Miami Beach condo market added more than 7,100 condo units between 2000 and 2009 but a limited number of units since then.

For two decades, the barrier island city of Miami Beach has encouraged condo development that promotes quality of life over the high-density projects that are commonplace on the mainland in Greater Downtown Miami.

As a result of the city’s more conscientious approach – by Miami standards – to development, numerous challenges now come with building – or converting – condos in the 80,000-resident city that is situated between the Atlantic Ocean and Biscayne Bay.

It is against this backdrop that Miami Beach’s condo market is on the verge of eclipsing an inventory milestone of 30,000 units, according to an analysis based on statistics from CondoVulturesRealty.com

We have crunched the statistics for the Year 2023 and have been publishing a series of of reports during the last three weeks on CondoVultures.com looking at the winners and losers in Miami Beach.

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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com

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