South Florida’s cost of living surpasses the national average. When an index of 100 represents the national average cost of living across 269 cities, Miami and Fort Lauderdale had index values of 115.3 and 118.3, respectively, in the third quarter of 2023.
Notably, if Manhattan were considered separately, it would lead with an index value of 227.8.
(source: axios.com, picture: rachel-martin)
by Riccardo Ravasini 
South Florida’s Miami River is poised for a development surge, with a dozen projects potentially adding 10,500 condo and apartment units. The analysis focused on applications and construction loan filings from the past year, hinting that the count might be higher.
Ranging from proposals to nearly completed constructions, these projects signal a resurgence along the 5.5-mile stretch from Miami International Airport to Biscayne Bay.
The river, a historic site dating back 7,000 years, is witnessing renewed interest after developers diverted to other areas. This …
by Riccardo Ravasini 
Among the twelve 2023 star-winners are two Japanese establishments that ascended from one star to two stars: Odo in Flatiron and Sushi Noz on the Upper East Side.
The list of new One Star recipients includes a diverse range of cuisines and neighborhoods:
bōm: A contemporary Korean eatery in Flatiron.
Essential by Christophe: A French contemporary restaurant on the Upper West Side.
Jōji: A Japanese and sushi spot in Midtown.
Meju: A Korean restaurant in Long Island City.
Restaurant Yuu: A French contemporary and Japanese establishment …
by Riccardo Ravasini 
A recent study unveils a surprising trend in the city that never sleeps—nearly 80% of Gen Z adults in New York City still reside with their families. Millennials aren’t far behind, with 28% choosing to remain in multigenerational households. By sheer numbers, New York City has the highest number of Millennials and Gen Z-ers still living at home, with 1.2 million and 2.2 million.
Interestingly, the study notes a decline in the number of millennials and Gen Z-ers living at home in the …
by Riccardo Ravasini 
Amid the narrative of New York City residents leaving during the pandemic, a hidden trend emerges — out-of-state buyers investing in Manhattan real estate. Analyzing residential sales over the past two years, excluding purchases through shell companies, reveals a dynamic market.
New Jersey residents led the pack, investing $1.48 billion in over 1,400 deals, comprising over 20% of the total sample volume.
California followed closely, contributing $1.25 billion across 900 deals, with San Francisco buyers accounting for over 15% of that spending.
Florida saw significant investment, with Floridians spending nearly $788 million …
by Riccardo Ravasini