MIAMI--Now that the Miami marketis saturated, Fort Lauderdale has captured the limelight as the newfrontier for condo, multifamily andhotel developers. According to recent reports,thousands of new condo units, multifamily, andhotel rooms are under construction in downtownFort Lauderdale and on the beach, with more in the planningstages.

We caught up with BradleyDeckelbaum, principal of PremierDevelopers, to get his take on where Fort Lauderdalereally stands in South Florida's commercial realestate market. He told us, in classic real estate jargon,what's going on in Fort Lauderdale is being called a boom. But, headds, that's not the right term for what's going on in FortLauderdale.

"A real estate boom typicallyis an investor-driven market in which prices rise rapidly with theexpectation of quick appreciation," Deckelbaum says. "Given thecyclical nature of the real estate industry, conventional wisdom isthat every boom will be followed by a bust."