For once, Miami finally ranks among the top 10 most appealing metro areas in the United States in terms of investment,according to the CBRE North America 2015 Investor Intentions Survey. Half of the sample of asked participants admitted that they want to invest in real estate in 2015.
The demand drivers of Miami are indeed quite solid and strong: they comprise a population & employment growth that is way beyond the average in the USA. On top of all, international trade is doing great in Miami and the housing market is incredibly booming. Not to forget the tourism industry that has been acclaimed for decades in the whole world.
All these factors combined act as a push up on rents for every single asset type. Considering that the land supply is undergoing a future scarcity, it appears quite obvious that Miami is now one of the most competitive, heard-of and sought-after market in the country, in terms of real estate and building developments.
To that extent, investors would be mainly interested in purchasing first, industrial units, then office spaces and finally multi-family residences. Check out our website for some condo options.
May 30, 2015 at 3:10 am
Miami Real Estate Blog is very nice…
May 31, 2015 at 4:55 am
It is the same in Orlando. When you read the local newspaper neraly every year a new condo project is introduced. For example the “premierecondo” which will be another big condo in this area. However I think the boom will be over soon. One day the hotels and condos seems do be too much.
August 5, 2015 at 3:35 pm
Thanks a lot Alex for this nice input.