More urban core development
Jaime Sturgis, Founder and CEO of Native Realty, sees a significant concentration of multifamily developments in urban core neighborhoods throughout South Florida.
Sturgis “says his own Flagler Village project reflects the larger supply and demand imbalance between apartment inventory and retail-office space within communities or nearby.”
“This could yield new opportunities for commercial real estate investors. In addition to ground-up construction, the adaptive re-use of older – and sometimes historic – buildings are of increasing appeal to millennial renters,” he says.