According to our Miami Area Report for May 2019, the City of Miami residential real estate market is continuing to improve year-over-year. Median selling prices are up by 7.02% while median days on market have decreased by 24.32%. After hovering around a “normal, balanced” market for the past year, supply of inventory dropped dramatically in […]
Downtown Miami – County’s Hottest Neighborhood for Renters
Anyone who already lives in Downtown Miami could have told you that our city is a favorite for renters, and now the 2018 Miami-Dade Real Estate Study confirms it. Brickell, the Downtown core, Midtown and Edgewater top all other neighborhoods as renter havens. These are also “the best neighborhoods for young professionals according to the study […]
Market Trends – Greater Downtown Miami Rental Market
There are currently 2445 residential condominium units available for rent in the Greater Downtown Miami area… and there’s more inventory coming! As Integra Realty Resources (IRR) reported to the Miami Downtown Development Authority in the Q3 2016 Residential Market Study “Flash Report”, we had 3,748 new construction condominium units delivered in 2016, with an additional 2,774 units expected to be delivered […]
Condo Construction in the City of Miami
There are 30 residential condominium developments, for a total of 8,671 units, currently under construction within the City of Miami: 1000 Museum – Arts District – 166 units – anticipated completion: 2017 1010 Brickell – Brickell Financial District – 387 units – anticipated completion: 2017 26 Edgewater – Edgewater – 86 units – anticipated completion: 2017 Aria On The Bay – Edgewater – 648 units […]
Market Trends: Midtown, Edgewater, Wynwood & Design District condos (33127 & 33137) June 2016
The neighborhoods within zip code areas 33127 and 33137 include Wynwood, Midtown, East Edgewater, and the Design District. Almost all of the condominiums are located east of North Miami Avenue and south of the Julia Tuttle Causeway, with some condominium development starting in Wynwood and the Design District / Buena Vista neighborhoods. Well known existing condominiums […]
New Construction in Greater Downtown Miami as of April 2016
There are currently 23, 500 condominiums, 5,300 rental apartments, more than 6,000 hotel rooms, 3.5 million square feet of office space and 4 million square feet of retail space in the “development pipeline” within the boundaries of the Miami Downtown Development Authority (MDDA). 52 of the projects are currently under construction: 2500 Biscayne Miami WorldCenter Hyde […]