Luxury Apartment Glut in South Florida Offers Some Price Relief

Wall Street Journal, Sept. 11, 2023–Deborah Acosta (subscription)
Multifamily construction has been soaring across the U.S., particularly in the Sunbelt. It has been especially robust in South Florida. The Miami metropolitan area, which consists of Miami-Dade, Broward and Palm Beach counties, has more units under construction as a share of inventory than any other major market in the country, according to real-estate data firm CoStar Group.
https://www.wsj.com/real-estate/luxury-homes/luxury-apartment-glut-in-south-florida-offers-some-price-relief-1a5317c8?mod=hp_major_pos2#cxrecs_s