Jorge Pérez says he thinks the result of the recent presidential election will be good for Miami.
The Related Group founder made his comments in an interview yesterday with Bloomberg.
Pérez said that President-elect Donald Trump is a former developer himself, who understands what it takes for real estate to be successful, including lower interest rates and lower inflation.
Trump is also a Florida resident, and many of his friends are also based here, Pérez noted.
Immigration policy is a concern, and a crackdown could see labor costs soar. Pérez said he expects cooler heads will prevail.
Trade policy is also a concern, and Pérez said he is anti-isolationist, saying Miami needs free trade and a functional supply chain to grow.
