Posted by:
Miami’s residential real estate market is up significantly from last year, and some records are being broken, according to newly released data from the Florida Association of Realtors.
A total of 3,848 condos and townhouses closed in the Miami-Fort Lauderdale-West Palm Beach area during December 2019. That is an increase of 17.9% compared to the year before. Prices were up 7.9% to an ...
Continue Reading →
Overall, monthly rents predicted to rise by 2% to $1,677
South Florida will see nearly 16,000 apartments delivered this year, leading rents to flatten in markets with added supply, according to a recently released report.
Fueled in part by population growth, the number of apartment deliveries will be nearly double the 8,871 units that were completed in South Florida last year, according to Berkadia’s annual report and 2020 forecast. That marks the highest number of annual ...
Continue Reading →
Next year is likely to be good for construction in Miami with a new flock of construction cranes now arriving to build the city’s next generation of skyscrapers.
Okan Tower
Aston Martin Residences
830 Brickell
Missoni Baia
Una Residences
Natiivo
Society Biscayne
Legacy Miami Worldcenter
Luma Miami Worldcenter
Downtown 5th
Virgin Hotel Brickell
Block 45
2000 Biscayne
Continue Reading →
Strong economic and population growth led the financial site SmartAsset to name Miami as one of America’s top boom-towns.
Miami ranked fourth nationwide in the analysis, and was the top big city.
Analysts looked at government data from 500 cities for the ranking.
Here is how Miami scored in key metrics:
Miami’s Elysee tower has topped off, the developers announced in a press release. The glass tower is now at its tallest height of 57 stories and 649 feet, making it the tallest in Edgewater.
There will only be 100 units in the entire building, with residences that either take up half a floor or a full floor. Prices range from $1.8 ...
Continue Reading →
There are 3,416 Airbnb listings in Miami Beach for every 50,000 residents – by far the highest of any city in America, according to a new study.
The cities of Miami and Fort Lauderdale also rank in the top 10, with 1,033 and 1,015 Airbnb listings per 50,000 residents, respectively.
More than 350 cities were studied by IPX1031 using Airbnb data for the ranking. Airbnb is beginning to cater to those looking for Airbnb investment properties in Miami. The company has ...
Continue Reading →