The first half of the year has already proven to be on of the busiest construction seasons in South Florida. Attorney Luis Flores, managing partner of Saul Ewing Arnstein & Lehr’s Miami office, has more than $250 million in financing deals in the pipeline.
Like most growth markets, inward migration is driving the construction trend. “Florida is seeing unprecedented demographic growth. Between 2010 and 2020, Florida’s population grew by 2.7 million residents, according to U.S. Census data. The pandemic accelerated this growth with an estimated 329,717 new residents settling in Florida between April 2020 and April 2021,” Flores tells GlobeSt.com.