Landlords can reevaluate the lease to better reflect the current situation and any new policies implemented.

At closing, agencies were changing terms with borrowers, incorporating 12 months reserves for debt service, taxes and insurance but Greysteel was able to close before those restrictions were placed on the transaction.

It is impossible to know the depths of the current recession, but there is a plausible scenario that class-B and class-C apartments could see increased demand.

The influx of people to Dania Pointe, are partly people who are fleeing from crowded Miami, says Colliers' Mika Mattingly.