The population rate in Florida has the second-fastest rate among the rest of the country. Brickell has shown a special rise of the population since 2000, and there is no sign that the growth is going to stop.
Residents are replacing the beach, for a neighborhood as Brickell that is offering a large list of advantages. Let’s go into detail to explain the 5 reasons why this neighborhood is the trendiest area in Miami right now:
According to the public records compiled by Cranespotter, Miami’s real estate has suffered of a downshift that is just now starting to recover.
Out of 350 units over the $5 million dollars that are today on the market, only 6 units are sold per month. And out of this closed deals, 96% of them had to decrease their price for closing. However, the average percentage of reduction is only 5% under the listing price. Investors are just trying to get rid of their South Florida real estate assets.
It’s the third quarter of 2017 and Miami real estate continues to attract buyers from all over the world despite the slowdown last year. A strong dollar and weak foreign economies were the biggest factors for 2016’s sales decrease ( down 25% in the first six months). However, this year seems to be a new chapter. Investors and homeowners are slowly gaining confidence. Let’s take a look at some key-points to better the understand the evolution of the Miami real estate industry. Read the rest of this entry »
The expected $1.05 billion Brickell CitiCentre project might break ground in June 2012. This huge mixed-use project is going to literally change the Brickell neighborhood. By accommodating the 9.1 acres of South Miami Avenue between 6th and 8th streets, the Swire Properties’ project is planned to be the hugest project in Miami in a long time.
The first step of the project will begin in June with the construction of 5 buildings that will accommodate retail shops, condominium units, a hotel, offices and parking spaces. Read the rest of this entry »
After many months of uncertainty, the casino resorts legislation in Florida is still under discussion. Subsequently, Resorts World Miami, the Downtown Miami giant complex supposedly containing the world’s largest casino still has an unsettled future. Read the rest of this entry »
The average prices of Brickell condos have raised slowly but constantly during the last two years.
Three years ago, the real estate crisis and the inventory rise were two factors that participated in the decline of condos prices in Brickell. Read the rest of this entry »
During the last decade, investments in Miami where mostly concentrated on Miami Beach. However things have recently changed as Miami Downtown is becoming a central hub for international investments.There are several reasons explaining this new trend. First of all, attractive real estate prices have pulled investors to this area. Read the rest of this entry »
Miami Real Estate Blog 