According to a new report from Miller Samuel, the average sale price for luxury condos in Miami and Miami Beach plunged 30% year over year in the third quarter, to $948,700 and $2.6 million respectively. The number of luxury condo sales also dropped by 25% in MIami and 17% in Miami Beach — amidst a glut of high-priced homes and condos. Inventory of luxury condos in Miami Beach jumped 30% in the quarter compared with a year ago while in ...

As reported by the Miami Herald, the commercial real estate market outlook looks strong as we head into 2017. The only caveat is: as long as more mass transit is on the horizon.
In the office market, rents are at an all-time high in certain markets, according to Cushman & Wakefield which represents nearly 5 million square feet of office space in South Florida. For instance: Office space in Brickell is hitting around $60 a square foot for Class A ...

Brazilian investors, seeking an alternative to their country’s risky real estate market, are returning to Florida to invest in property and establish an income source in dollars. Back in Brazil, the economic crisis and rising unemployment have sent rents down 5.2 percent in the past year while rents in Miami were stable in the first half of the year.
Brazilians were third among foreigners searching for South Florida real estate in June, according to the Miami Association of Realtors, after ...

The company of Douglas Durst — the younger brother of infamous Robert Durst — is in talks to buy a large development site at 1800 Park Ave. at 125th Street from Bruce Eichner, who dug a foundation but wasn’t able to put up a planned apartment project. The corner is across the street from the Harlem Metro North station. A Durst purchase would be a game-changer for East Harlem.