Neisen Kasdin, managing partner of Akerman’s Miami office and former mayor of Miami Beach, analyzed the recent inventory surplus of condominiums prices over $1 million in Miami. According to the Miami Today article titled, “High-end condominium market becomes cat-and-mouse game,” the inventory as of Dec. 31, 2018 has been the highest number in history.
Kasdin explained, “The high-end condo market has softened, but some buildings are selling, including Panorama Tower and Brickell Flatiron. There’s not a lot of new product that’s going to be introduced to the market soon.”