Miami’s shimmering towers of glass and steel have defined the city’s image for decades, promising ocean views, high-end amenities, and a lifestyle wrapped in luxury. Yet beneath the sparkle, cracks are beginning to show in the condo market.
Analysts point to oversupply, spiraling maintenance costs, and mounting environmental risks as forces reshaping demand.
What once felt like an unstoppable climb in value is showing signs of slowing, and some properties stand more vulnerable than others as the city’s real estate cycle shifts toward correction.
1. Older Waterfront Buildings With Rising Insurance Costs
Aging waterfront properties built in the 1980s and 1990s are facing financial pressure from skyrocketing insurance premiums…