Noah Breakstone, Managing Partner at BTI Partners Fort Lauderdale, discusses three pressing regional challenges. He emphasizes that housing affordability is probably one of the top economic issues for Miami-Dade in 2019 because the housing market is expected to face significant challenges from rising interest rates, higher construction costs and limited income growth.
Breakstone argues that residential affordability concerns directly influence the region’s competitiveness, noting the difficulty in attracting and maintaining both businesses and skilled workers when housing costs remain elevated relative to regional wages.
