In Midtown South, a promising housing initiative is on the horizon, marked by proposed rezoning across 42 blocks. The focus is on transforming manufacturing zones into residential areas, potentially bringing forth a wave of thousands of new housing units over the next decade.
Midtown South’s office market has experienced a shift, with demand from TAMI (technology, advertising media, and information) tenants declining, leading to an oversupply of office space. This context underscores the importance of repurposing these spaces to meet housing needs.
The proposed …
by Riccardo Ravasini 
The contract activity, the number of signed contracts, for the month of February is up 8.6% compared to a year ago and down 5.7% compared to the monthly historical average.
The Median Sales Price for a Manhattan apartment is $1.04M, which is 1.2% lower than a year ago.
The supply, or the number of units on the market, is down 3.3% compared to March 2023. Meanwhile, the number of pending sales, or the number of units currently in contract, is …
by Riccardo Ravasini 
Last May, Florida preservationists were relieved when a bill threatening historic coastal structures stalled in the House. However, similar proposals have reemerged for the current legislative session. The Senate version recently passed its first committee hearing despite opposition.
The bill suggests aging coastal buildings should be demolished if deemed unsafe or lacking flood-resistant features. Both House and Senate bills exempt single-family homes and structures listed in the National Register of Historic Places. Critics fear the changes could erode the unique character of tourist destinations like Miami Beach, …
by Riccardo Ravasini 
Tenants, spanning e-commerce to importers and beverage companies, are grappling to secure storage space in Miami-Dade due to the record-low vacancy rate of 1.6%, leaving tenants scrambling for space. This surge in demand is fueled by Florida’s robust population growth and thriving tourism sector. With 12.4 million annual visitors, Miami-Dade sees a significant need for warehouse space to support the hospitality industry’s logistics. Broward and Palm Beach counties, while having higher vacancy rates, are also experiencing steady demand. Despite the tight market conditions, rents have …
by Riccardo Ravasini 
According to the Department of State, Florida has over 1,300 miles of coastline and over 650 miles of sand beaches. Some of that beachfront is privately owned, about 60%, while the rest is State, County, or city-controlled. For decades, there have been ongoing questions over who can use certain stretches of beach along Florida’s Atlantic and Gulf coasts.
Determining usage rights hinges on factors like the Mean High Water Line (MHWL) and property deeds. While wet sand is typically public, dry sand may be …
by Riccardo Ravasini