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RealShare EXCLUSIVE: Market Rife With Unanswered Questions

MIAMI-Some 200 industry players came face-to-face with the realities of their market at the second annual RealShare Multifamily Investment and Finance conference. The challenges charted included the fate of the condo market and the direction of construction costs. First of two-part coverage.

By Sule Aygoren Carranza | Updated on May 20, 2005

Sule Aygoren Carranza , managing editor of Real Estate Forum, is also co-editor of MULTI HOUSING forum.

MIAMI-Cap rates and the effect of the condominium market were the topics du jour at the second annual RealShare Multifamily Investment and Finance conference, which took place before some 200 industry players at the Biltmore Hotel here Wednesday and Thursday. Those issues were discussed in depth during separate sessions yesterday morning, although much of the talk focused on unanswered, or unanswerable, questions.

The condominium boom has essentially pushed developers of rental product out of the market, asserted Jay Massirman, an executive vice president at CB Richard Ellis, who moderated the session, “Will the Condo Market Continue to Explode – or Implode?”

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