Miami’s Brickell is Becoming the Place to Live and Work in South Florida - Rava Realty

Miami’s Brickell is Becoming the Place to Live and Work in South Florida

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Miami’s Brickell neighborhood swiftly becomes South Florida’s top spot for living and working. Known as the “Manhattan of the South,” it offers luxury living, economic vibrancy, and cultural richness. Here are some of Brickell’s strengths:

Accessibility and Infrastructure: Centrally located, Brickell offers easy access to major transportation hubs, including Miami International Airport and Fort Lauderdale-Hollywood International Airport. The neighborhood is well-served by public transit options like the Metromover and Metrorail, ensuring seamless connectivity throughout Miami and beyond.

Economic Hub: As a hub for global finance and technology industries, Brickell hosts significant players such as J.P. Morgan, Chase, and Visa, contributing significantly to Miami’s economic growth with an impressively low unemployment rate of 1.7%, the lowest in the nation.

Investment Potential: Investors are increasingly drawn to Brickell’s robust growth prospects and strong property value appreciation, which have averaged between 6-8% annually over the past decade. With expected annual rental returns ranging from 5-7%, Brickell presents lucrative opportunities for real estate investment. Ongoing developments and infrastructure enhancements drive upward trends in property values, promising continued growth and profitability.

(source: benoitproperties, picture: Sergio Arteaga)

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