Dive Brief:

• Research shows that developers are either building or have proposed a total of 186 condominium towers, as of this month, in the section of Florida from Key Biscane to Jupiter.
• The projects will bring 25,150 new units onto the market.
• The last time the Florida market was this hot, there were 245 condo towers built with almost 49,000 units in them —​​ until the market fell apart in 2007.

Dive Insight:

About 70% of the units being put up are being built by companies that have been in the South Florida market, so they should be working on a sober analysis of the potential. The other 30% of the units are being undertaken by companies that are newcomers to the market. One significant change this time around is that developers are financing the projects through buyer deposits of 50%, and lenders are reluctant to get involved after the losses they took in 2007.