Surfside condo collapse could reshape Miami’s real estate market

 Surfside condo collapse could reshape Miami’s real estate market

SURFSIDE, Fla. — The deadly collapse of the condo building in Surfside, Florida, has spurred many in the region to ensure that their buildings are structurally sound. In the long term, those assessments — as well as buyers’ fears and rising costs — could lead to a reshaping of South Florida’s real estate market as a whole.

Market observers said they have already begun to see diminishing demand for units in older buildings in the area that are typically occupied by lower-income tenants and retirees, similar to the fallen condo, Champlain Towers South in Surfside. And those built since 2000, typically inhabited by wealthier Floridians, are getting greater attention from buyers.

“That’s going to be more common, at least for a while,” said Sepehr Niakan, a real estate broker for Condo Black Book in Miami. “The fear of going into an older building is going to be greater, and buyers are going to be much more careful and…

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