South Florida's rental market is heating up along with demand for co-living spaces and new construction product offerings designed for home-sharing. This and other hot topics were a buzz last week when much of Miami's real estate community descended on Wynwood Arts District for the 2019 Annual Real Estate Forum & Showcase by The Real Deal, which featured a slew of notable panelists and guest speakers including best-selling author Grant Cardone and U.S. Secretary of Housing and Urban Development Ben Carson.
Miami has clearly evolved into a thriving financial center, global gateway, hub for world class arts and culture, destination for education and healthcare, tourism juggernaut, and wellspring of prime waterfront residential real estate ... and yet, until recently, the city’s relationship with the Asian market has been limited. The reasons for this include regional unfamiliarity with Miami, lingering misconceptions of the “Miami Vice” era and the absence of direct flights from South Florida to East Asia.
However, key factors indicate the dawn of a sweeping Asian-influenced era in South Florida. How did we arrive here? And more important, what does it mean for South Florida and Miami’s economic growth? J.C. Caceres, President of the Asian Real Estate Association of America's Greater Miami Chapter, joins us on the podcast to explain.
Expert insight for Miami realtors.