A group of industry leaders in Florida were recently invited to share their insights on the future of the market in 2024. At the Connect Apartments event held in Key Biscayne, these experts discussed their predictions for the upcoming years.
Doug Faron, representing Shoreham Capital, expressed optimism about buying opportunities for multifamily properties. He believes that there will be a significant number of forced sellers due to rising interest rates.
Carlos Burrea from Nuveen Real Estate stated that they will focus on buying and selling rather than developing new properties due to high interest rates and building costs.
Alfonso Costa Jr., representing Falcone Group, described 2023 as a year for reflection and strategic planning. He emphasized the importance of defining priorities before entering what is expected to be a busy market with potential defaults caused by high floating rates.
The article “Florida CRE Leaders Give 2024 Predictions” was originally published by Connect CRE.
