Expert Insights: Miami Real Estate Market Outlook
Miami’s real estate market is facing a unique set of challenges, from high construction costs to a lack of affordable housing. We spoke with industry experts Dan Kodsi, Ana Bozovic, and Brad Meltzer to get their take on the current market outlook.
Real estate industry experts pushed back on the theory that a bubble is forming in Miami that’s about to burst.
“This market is built on cash,” said market analyst Ana Bozovic, founder of Analytics Miami, at The Real Deal’s Miami Real Estate Forum. Bozovic spoke on a panel about how developers can survive the market crunch in Miami in a conversation moderated by TRD’s Editor-in-Chief Stuart Elliott.
Bozovic said a UBS report that named Miami as the most vulnerable city to a bubble was an “egregious misrepresentation of truth” because it’s such a heavy cash market.
“Usually when assets collapse, it’s because there’s a collapse. The bubble pops when the underlying assets can no longer sustain the debt, and it all goes away, kind of like a flammable house of cards,” she said. “We don’t have this setup.”
Dan Kodsi, CEO of Royal Palm Companies, said Miami isn’t overbuilt like it was in 2008.
“The issue is we’re building product that’s expensive, and because of construction costs, when you’re building high-rise especially, you have to sell it at a very high price per foot,” Kodsi said.
The lack of affordable housing is pushing locals to markets like Orlando, Kodsi added.
“Every part of Florida, you’re seeing grow,” he said.
The panelists also address the expected wave of migration of New Yorkers to South Florida following Zohran Mamdani winning the mayoral race in New York.
“I think the expectation that you’re going to see something immediately, like, the press keeps kind of glorifying like, ‘oh, tomorrow, there’s gonna be a million people moving here,’” said fellow speaker Brad Meltzer, president of Two Roads Development. “That’s not going to happen, but it’s going to happen after a matter of time. Some people have families. They have kids. You don’t just pick up and move tomorrow, but the investigation process is going to start to happen.”
Kodsi and Meltzer both suggested resolutions ahead for separate projects they’re involved in that are tied up in litigation.
For Two Roads, the Florida Supreme Court recently denied the developer a request for a rehearing in a condo buyout case involving the Biscayne 21 building in Miami’s Edgewater, effectively ending the developer’s legal options. The group of holdout owners, who Meltzer called “a little bit greedy,” successfully challenged the developer’s amendment to lower the condo termination requirement once it had control over the association.
Meltzer insisted the Edition Residences project that’s planned for the site “will happen.”
“It’ll take a little bit more time,” he said. “There’s been discussions behind the scenes with that, but it’ll get resolved. It has to resolve itself. When something is valuable enough, parties have to compromise like anything else in life, and there’ll be a compromise that takes place, and everybody will feel that they can get a good deal, and we’ll move on.”
Kodsi is tied up in a foreclosure lawsuit over the Legacy Hotel & Residences project at Miami Worldcenter. He told the court in July he is working on a $390 million refinancing for the project.
A court order bans Kodsi from talking about the lawsuit, but he said it’s “on a path for starting construction again.”
“That ugly dumpling, let’s say, is going to be a beautiful swan when she’s built, a great project,” Kodsi said.
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!important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background: var(–wp–preset–gradient–luminous-vivid-orange-to-vivid-red) !important;}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background: var(–wp–preset–gradient–very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background: var(–wp–preset–gradient–cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background: var(–wp–preset–gradient–blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background: var(–wp–preset–gradient–blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background: var(–wp–preset–gradient–luminous-dusk) !important;}.has-pale-ocean-gradient-background{background: var(–wp–preset–gradient–pale-ocean) !important;}.has-electric-grass-gradient-background{background: var(–wp–preset–gradient–electric-grass) !important;}.has-midnight-gradient-background{background: var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDo5OTkyOTM=”,”databaseId”:999293,”title”:”“Built on cash”: How developers survive the squeeze in Miami”,”status”:”publish”,”slug”:”dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate”,”uri”:”/miami/2025/11/07/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate/”,”link”:”https://therealdeal.com/miami/2025/11/07/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate/”,”dateGmt”:”2025-11-07T15:30:00″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003eReal estate industry experts pushed back on the theory that a bubble is forming in Miami that’s about to burst.u003c/pu003enu003cpu003e“This market is built on cash,” said market analyst Ana Bozovic, founder of Analytics Miami, at u003cemu003eThe Real Deal’u003c/emu003es Miami Real Estate Forum. Bozovic spoke on a panel about how developers can survive the market crunch in Miami in a conversation moderated by u003cemu003eTRD’su003c/emu003e Editor-in-Chief Stuart Elliott.u0026nbsp;u003c/pu003enu003cpu003eBozovic said a UBS report that named Miami as the most vulnerable city u003ca href=”/miami/2025/06/13/condo-crisis-older-inventory-hitting-sofla-housing-market/”u003eto a bubbleu003c/au003e was an “egregious misrepresentation of truth” because it’s such a heavy cash market.u0026nbsp;u003c/pu003enu003cpu003e“Usually when assets collapse, itu0026#8217;s because thereu0026#8217;s a collapse. The bubble pops when the underlying assets can no longer sustain the debt, and it all goes away, kind of like a flammable house of cards,” she said. “We donu0026#8217;t have this setup.”u0026nbsp;u003c/pu003enu003cpu003eDan Kodsi, CEO of Royal Palm Companies, said Miami isn’t overbuilt like it was in 2008.u0026nbsp;u003c/pu003enu003cpu003e“The issue is weu0026#8217;re building product thatu0026#8217;s expensive, and because of construction costs, when youu0026#8217;re building high-rise especially, you have to sell it at a very high price per foot,” Kodsi said.u0026nbsp;u003c/pu003enu003cpu003eThe lack of affordable housing is pushing locals to markets like Orlando, Kodsi added.u0026nbsp;u003c/pu003enu003cpu003e“Every part of Florida, youu0026#8217;re seeing grow,” he said.u0026nbsp;u003c/pu003enu003cpu003eThe panelists also address the u003ca href=”/new-york/2025/11/05/nyc-resi-players-dismiss-fears-over-zohran-mamdanis-victory/”u003eexpected wave of migrationu003c/au003e of New Yorkers to South Florida following Zohran Mamdani winning the mayoral race in New York.u003c/pu003enu003csection id=”trd-gallery-block_ebe8b4b580975d139daa67c4d76309db” class=”trd-gallery”u003eu003cdiv class=”trd-gallery-slides”u003eu003cfigure class=”wp-block-image size-full”u003eu003cimg loading=”lazy” decoding=”async” width=”1500″ height=”1000″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Blogroll.jpg” alt=”Royal Palm Companies u0026amp; Participant Capital’s Dan Kodsi” class=”wp-image-999193″ srcset=”https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Blogroll.jpg 1500w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Blogroll-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Blogroll-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Blogroll-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Blogroll-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Blogroll-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Blogroll-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Blogroll-50×33.jpg 50w” sizes=”auto, (max-width: 1500px) 100vw, 1500px” /u003eu003cfigcaption class=”wp-element-caption”u003eRoyal Palm Companies u0026#038; Participant Capitalu0026#8217;s Dan Kodsi (Photos By Alive Coverage)u003c/figcaptionu003eu003c/figureu003eu003cfigure class=”wp-block-image size-full”u003eu003cimg loading=”lazy” decoding=”async” width=”1500″ height=”1000″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Brad-Meltzer_Panel.jpg” alt=”” class=”wp-image-999200″ srcset=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Brad-Meltzer_Panel.jpg 1500w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Brad-Meltzer_Panel-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Brad-Meltzer_Panel-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Brad-Meltzer_Panel-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Brad-Meltzer_Panel-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Brad-Meltzer_Panel-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Brad-Meltzer_Panel-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Brad-Meltzer_Panel-50×33.jpg 50w” sizes=”auto, (max-width: 1500px) 100vw, 1500px” /u003eu003cfigcaption class=”wp-element-caption”u003eTwo Roads Developmentu0026#8217;s Brad Meltzer (Photos By Alive Coverage)u003c/figcaptionu003eu003c/figureu003eu003cfigure class=”wp-block-image size-full”u003eu003cimg loading=”lazy” decoding=”async” width=”1500″ height=”1000″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel.jpg” alt=”Analytics Miami’s Ana Bozovic” class=”wp-image-999196″ srcset=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel.jpg 1500w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel-50×33.jpg 50w” sizes=”auto, (max-width: 1500px) 100vw, 1500px” /u003eu003cfigcaption class=”wp-element-caption”u003eAnalytics Miamiu0026#8217;s Ana Bozovic (Photos By Alive Coverage)u003c/figcaptionu003eu003c/figureu003eu003cfigure class=”wp-block-image size-full”u003eu003cimg loading=”lazy” decoding=”async” width=”1500″ height=”1000″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Main.jpg” alt=”TRD’s Stuart Elliott, Two Roads Development’s Brad Meltzer, Analytics Miami’s Ana Bozovic and Royal Palm Companies u0026amp; Participant Capital’s Dan Kodsi” class=”wp-image-999192″ srcset=”https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Main.jpg 1500w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Main-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Main-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Main-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Main-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Main-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Main-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Main-50×33.jpg 50w” sizes=”auto, (max-width: 1500px) 100vw, 1500px” /u003eu003cfigcaption class=”wp-element-caption”u003eTRDu0026#8217;s Stuart Elliott, Two Roads Developmentu0026#8217;s Brad Meltzer, Analytics Miamiu0026#8217;s Ana Bozovic and Royal Palm Companies u0026#038; Participant Capitalu0026#8217;s Dan Kodsi (Photos By Alive Coverage)u003c/figcaptionu003eu003c/figureu003eu003c/divu003eu003c/sectionu003eu003cpu003e“I think the expectation that youu0026#8217;re going to see something immediately, like, the press keeps kind of glorifying like, ‘oh, tomorrow, thereu0026#8217;s gonna be a million people moving here,’” said fellow speaker Brad Meltzer, president of Two Roads Development. “Thatu0026#8217;s not going to happen, but itu0026#8217;s going to happen after a matter of time. Some people have families. They have kids. You donu0026#8217;t just pick up and move tomorrow, but the investigation process is going to start to happen.”u0026nbsp;u003c/pu003enu003cpu003eKodsi and Meltzer both suggested resolutions ahead for separate projects they’re involved in that are tied up in litigation.u0026nbsp;u003c/pu003enu003cpu003eFor Two Roads, the Florida Supreme Court u003ca href=”/miami/2025/10/16/fl-supreme-court-denies-two-roads-rehearing-in-buyout-case/”u003erecently denied the developeru003c/au003e a request for a rehearing in a condo buyout case involving the Biscayne 21 building in Miami’s Edgewater, effectively ending the developeru0026#8217;s legal options. The group of holdout owners, who Meltzer called “a little bit greedy,” successfully challenged the developeru0026#8217;s amendment to lower the condo termination requirement once it had control over the association.u0026nbsp;u003c/pu003enu003cpu003eMeltzer insisted the Edition Residences project that’s planned for the site “will happen.”u0026nbsp;u003c/pu003enu003cpu003e“It’ll take a little bit more time,” he said. “Thereu0026#8217;s been discussions behind the scenes with that, but itu0026#8217;ll get resolved. It has to resolve itself. When something is valuable enough, parties have to compromise like anything else in life, and thereu0026#8217;ll be a compromise that takes place, and everybody will feel that they can get a good deal, and weu0026#8217;ll move on.”u003c/pu003enu003cpu003eKodsi is tied up in a u003ca href=”/miami/2025/10/01/kodsi-misses-deadline-in-legacy-miami-worldcenter-foreclosure/”u003eforeclosure lawsuitu003c/au003e over the Legacy Hotel u0026amp; Residences project at Miami Worldcenter. He told the court in July he is working on a $390 million refinancing for the project.u003c/pu003enu003cpu003eA court order bans Kodsi from talking about the lawsuit, but he said it’s “on a path for starting construction again.”u0026nbsp;u003c/pu003enu003cpu003e“That ugly dumpling, letu0026#8217;s say, is going to be a beautiful swan when sheu0026#8217;s built, a great project,” Kodsi said.u0026nbsp;u003c/pu003enu003csection class=”ReadMoreSection_root”u003entu003ch4 class=”ReadMoreSection_title”u003eRead moreu003c/h4u003enttttttttu003ca class=”BlogrollPost” href=”/miami/2025/11/05/miami-devs-talk-branding-building-in-a-saturated-market/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”125″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-22We-love-paying-commissions22-Top-developers-talk-branding-building-and-deals-in-a-saturated-market-FEATUREIMG-200×125.jpg” class=”FeaturedImage_image wp-post-image” alt=”” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttResidentialttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003e“We love paying commissions”: Top developers talk branding, building and deals in a saturated market u003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttttu003ca class=”BlogrollPost” href=”/miami/2025/11/05/sam-nazarian-speaks-at-the-real-deal-miami-real-estate-forum/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”133″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_113732-6128_ALIVE-200×133.jpg” class=”FeaturedImage_image wp-post-image” alt=”Sam Nazarian” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttCommercialttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003e“You can’t go backwards”: Sam Nazarian says Miami reaches top echelons of real estate, but growing pains linger u003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttu003c/sectionu003enntt”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”Dan Kodsi, Brad Meltzer addressed collapse fears, projects tied up in litigation”,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-11-07T15:37:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003cpu003eu003c!– wp:list –u003eu003c/pu003ernu003cul class=”wp-block-list”u003eu003c!– wp:list-item –u003ernu003cliu003eReal estate experts pushed back on the theory of a Miami bubble, arguing that the market is “built on cash” and not subject to a debt-fueled collapse like in 2008.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eA key concern raised was the lack of affordable housing, which is pushing local residents toward other growing Florida markets such as Orlando.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eDevelopers Dan Kodsi and Brad Meltzer both addressed separate projects tied up in litigation (Legacy Hotel u0026amp; Residences and Edition Residences), insisting they would ultimately be resolved and built.u003c/liu003ernu003c!– /wp:list-item –u003eu003c/ulu003ernu003cpu003eu003c!– /wp:list –u003eu003c/pu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/1kY6p6GYRPtQf1dumSHS/1kY6p6GYRPtQf1dumSHS.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Main-1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/11/Surviving-Squeeze_Panel_Main-1400×933.jpg 1400w, 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https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel-50×33.jpg 50w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:null,”altText”:”Analytics Miami’s Ana Bozovic”,”mediaDetails”:{“sizes”:[{“width”:”1400″,”height”:”933″,”__typename”:”MediaSize”}],”__typename”:”MediaDetails”},”__typename”:”MediaItem”},”__typename”:”NodeWithFeaturedImageToMediaItemConnectionEdge”},”__typename”:”Post”,”template”:{“templateValue”:”right-rail”,”__typename”:”DefaultTemplate”},”seo”:{“title”:”Dan Kodsi, Ana Bozovic, Brad Meltzer on Miami Real Estate”,”fullHead”:”u003c!– This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.1.1) – https://yoast.com/wordpress/plugins/seo/ –u003enu003cmeta name=”description” content=”Real estate industry experts pushed back on the theory that a bubble in Miami is about to burst at The Real Deal’s Miami Forum. ” /u003enu003cmeta name=”robots” content=”index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1″ /u003enu003clink rel=”canonical” href=”https://therealdeal.com/miami/2025/11/07/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate/” /u003enu003cmeta property=”og:locale” content=”en_US” /u003enu003cmeta property=”og:type” content=”article” /u003enu003cmeta property=”og:title” content=”“Built on cash”: How developers survive the squeeze in Miami” /u003enu003cmeta property=”og:description” content=”Real estate industry experts pushed back on the theory that a bubble in Miami is about to burst at The Real Deal’s Miami Forum. ” /u003enu003cmeta property=”og:url” content=”https://therealdeal.com/miami/2025/11/07/dan-kodsi-ana-bozovic-brad-meltzer-on-miami-real-estate/” /u003enu003cmeta property=”og:site_name” content=”The Real Deal” /u003enu003cmeta property=”article:publisher” content=”https://www.facebook.com/therealdealmedia/” /u003enu003cmeta property=”article:published_time” content=”2025-11-07T15:30:00+00:00″ /u003enu003cmeta property=”og:image” content=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Ana-Bozovic_Panel.jpg” /u003entu003cmeta property=”og:image:width” content=”1500″ /u003entu003cmeta property=”og:image:height” content=”1000″ /u003entu003cmeta property=”og:image:type” content=”image/jpeg” /u003enu003cmeta name=”author” content=”Katherine Kallergis” /u003enu003cmeta name=”twitter:card” content=”summary_large_image” /u003enu003cmeta name=”twitter:description” content=”Real estate industry experts pushed back on the theory that a bubble is forming in Miami that’s about to burst. “This market is built on cash,” said market analyst Ana Bozovic, founder of Analytics Miami, at The Real Deal’s Miami Real Estate Forum. 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Miami market relevance
If this topic impacts buyers or sellers, the most useful context is what is happening locally. Track current pricing, inventory, and days on market in Miami, and compare active listings by building or neighborhood before making decisions.
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According to Dan Kodsi, CEO of Royal Palm Companies, the issue is that developers are building product that’s expensive, and because of construction costs, when you’re building high-rise, you have to sell it at a very high price per foot. This is pushing locals to markets like Orlando, Kodsi added.
Dan Kodsi Ana Bozovic: What to Plan Before You Start
FAQ: Dan Kodsi Ana Bozovic
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