« Quote of the Day for Thursday, July 28, 2005 | Main | China’s Migrant Population Officially Tops 140 Million »
July 28, 2005
Miami Condos: Build, Build, Build
The Miami condo building binge continues, according to the Miami Herald:
. . . Nearly 65,000 condo units are either under construction, approved for building or in some stage of the permitting process. The number is an increase of more than 3,000 units from last month, when the total stood at 61,748.
Currently, 11,161 units are under construction, 23,266 were approved for construction by the Miami City Commission and 30,375 are in the permit application phase, according to the city's latest Large Scale Development Report.
Demonstrating the size of the roaring construction boom, in the past 10 years just 8,477 units were built in the city.
As Jeff Matthews so appropriately notes, condos are the eToys of the real estate market. Read his excellent commentary to see what he means.
Trackback Pings
TrackBack URL for this entry:
http://www.heritagetidbits.com/cgi-bin/mt/mtb.cgi/394
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)