Panelists from left: Scott Moss of Moss & Associates, William Hamilton of Winthrop Management, Casey Cummings of Ram Realty Services, Art Falcone of Falcone Group and Julien Haccoun of Steinmauer Group. Source: Carla Vianna

MIAMI—Florida's multifamily developers are shrinking units, inflating amenities and maneuvering around traditionally accepted parking requirements to keep rents high and building costs down in today's pricey construction market. That is according to a recent article from GlobeSt.com sister publication, ALM's Daily Business Review.

“Units will get smaller,” said William Hamilton, executive vice president of Boston-based Winthrop Management. “And they have to be sexy.”

The major players shaping Florida's multifamily arena gathered Thursday to forecast what's in store for the rental realm over the next year. About 700 attendees were expected at the fifth annual Florida Multifamily Summit in Hollywood.

According to the Daily Business Review article, with construction costs at an all-time high and thousands of apartments under construction in South Florida, Art Falcone said lenders are pulling back in response. He is CEO and chairman of the Falcone Group and a principal of Miami Worldcenter Associates, which is developing a sprawling mixed-use project in downtown Miami.

“I will tell you that capital providers have pulled back dramatically so, on the condo side, that is drying up very quickly,” he said.

But is the spigot completely off? Find out by clicking here to read the full article.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

“Units will get smaller,” said William Hamilton, executive vice president of Boston-based Winthrop Management. “And they have to be sexy.”

“I will tell you that capital providers have pulled back dramatically so, on the condo side, that is drying up very quickly,” he said.

But is the spigot completely off? Find out by clicking here to read the full article.

Instant Insights /

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