MIAMI—Glitz and glamor are nothing new to Miami. We're seeing luxury condos and multifamily projects rise at warp speed. Indeed, the city's growing reputation as a global destination is fueling a race to luxury.

According to the Miami Downtown Development Authority's (DDA) Q2 Residential Market Study, investors still view Miami as a safe haven for investment despite foreign market volatility. High-end condo developers are looking for ways to stand out with over-the-top amenities designed to impress the most discerning of buyers.

Alyce Robertson, executive director of the Miami DDA, tells GlobeSt.com gone are the days where a rooftop pool or fitness center will cut it. “Buyers are wanting far more in terms of luxury amenities and developers are getting creative to meet these demands—and top them,” she says. “As a result, Miami's urban core is joining the ranks of the world's elite cities with features that are collectively redefining its skyline.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.