Miami turns into Airbnb’s playground! Over 50% of luxury new condos are being built specifically for short-term party rentals (FL)

/ Owner - May 13, 2024

Over half of all new condos being built in Miami are specifically for short-term rentals as residents struggle to find affordable long-term housing, a new report found.   As droves of new residents arrive in the Sunshine State, many are struggling to find affordable housing as the state’s condo market is in the doldrums.  Real-estate firm ISG World reported that 31 pre-construction condo buildings in the Miami region are primed to be turned into Airbnbs,   Read the article…………………………….

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