Over the course of the last few years the construction sector has suffered both in Miami as well as throughout the nation. That could now however be changing. If the condominium market in South Florida is any indication, the real estate construction market could be on the rebound. According to many, in the second quarter of 2012, it is official that the coastal condo market entered a growth phase.
In the preceding 14 months, a total of 45 towers have been proposed for construction. 7,600 units would be spread across those towers to be built throughout South Florida. These are in addition to any apartments that will be built at the same time.