Although tens of thousands of condominiums and rental properties are in the pipeline, the Miami area is still experiencing inventory shortgages, Carlos Rosso, the head of condo development at the Related Group, said on WLRN’s Sunshine Economy.
Miami is still having inventory shortages despite the condominiums and rental properties ongoing. This is according to the head of the condo development group Carlos Rosso. He says the market is coming back, but there is not enough brokers and no inventory to sell. The present boom is smaller.