August 22, 2022 - Rava Realty

Downtown Miami Metrocenter Details Released

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Miami-Dade County opened the bidding process for a massive 23.7 million square foot Downtown Miami development project called Metrocenter.

One of the main priorities in evaluating bids will be whether the proposals are of world-class urban design, including excellence in architecturewalkability, and if they are transit-oriented (Metrorail, Metromover, Brightline and others are either at or adjacent to the properties). The county will also evaluate whether proposals are of the highest and ...

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Manhattan real estate rental market update

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The net effective median rent (face rent minus landlord concessions) surged +33.4% year over year to $4,100exceeding the $4,000 threshold for the first time and reaching a new high for the seventh consecutive month. While the net effective average rent, up +31.5%, reached $5,051exceeding the $5,000 threshold for the first time ever.

As a result, the market share of landlord concessions fell to 12.8%, down -26.3% from the same period last year, the lowest level ...

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