Francis X. Suarez Shares Outlook With CRE Execs in Miami

Carlton Fields Miami attorney Francis X. Suarez, who is also Mayor of the City of Miami, was featured in the Bisnow South Florida Real Estate.

Suarez and Miami Shareholders Brian Hart and Jay Koenigsberg attended a luncheon at the firm’s Miami office organized by the REAL Professional Network, in which Suarez spoke about Miami’s real estate and growth outlook.

Suarez noted that the city’s tax base grew 37 percent over the past 12 years largely due to a real estate boom, with more condos, apartments, offices and hotels still coming online. “How do we make sure that success permeates to every sector of the city,” Suarez asked.

Other challenges include traffic congestion, climate change, rising land costs, and the lack of workforce housing. According to Suarez, positive developments including the resiliency of Miami’s real estate market and efforts to make Miami the most climate-resilient city in the word.

“I don’t want to say [it is] recession-proof – that’s probably a stretch -- but from what I’m seeing, [real estate] demand is outpacing supply,” he said.

Read the article.

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