This week we circle back to Miami’s median rent for a one-bedroom apartment: $1,750 a month, according to the latest report. That actually represents a 3 percent decrease from a year ago but still remains well above the national figure of $1,233.
Earlier this morning we took a closer look at overall first quarter sales trends in both the Miami coastal mainland and Miami Beach (and its barrier islands). Now we’ll focus on the most recent sales figures but on a more localized level.
Among the highlights of the latest Elliman Report covering the first quarter of 2017, authored by Jonathan Miller of Miller Samuel, is the overall housing market for both the Miami coastal mainland and Miami Beach and its barrier Islands is becoming more stable.
Considering Eve at the District, with its art-driven design, is one of Miami’s newest completed residential developments, we thought the timing couldn’t be better to tour the luxury rental building tucked between The Shops at Midtown Miami and the Design District.
Opening just east of Midtown Miami is a Hampton Inn & Suites, a 151-key hotel suited for leisure and business travelers.It’s located on the corner of 35th Street and Biscayne Boulevard, with amenities including an outdoor pool, 24-hour fitness center, and comped breakfast.
Hyde Midtown Suites and Residences topped off in Midtown Miami last week, with the mixed-use development leveling off at 34 stories. A $98 million product of Moss & Associates, The Related Group, and Dezer.
The soaring neighborhood encompassing Wynwood and Midtown Miami just north of Miami’s core has been chosen as our 2016 Curbed Cup champion, with the No. 3 seed defeating No. 8 Surfside by a healthy 69-to-31 percent margin.
As 2016 comes to a close we’ve finally made it to the 2016 Curbed Cup championship, where one South Florida neighborhood will capture its first ever Curbed Cup title.The finalists are (3) Wynwood/Midtown and (8) Surfside.
A fully renovated two-story penthouse at 4 Midtown in Midtown Miami is asking $1.59 million. The turnkey offering features Italian floors, floor-to-ceiling windows, and imported furniture. It has two bedrooms, three bathrooms, and a den.
Early details have emerged regarding the mixed-use development by Wood Partners called Midtown 8, which will have 387 units with Midtown Opportunities selling 30,000-plus square feet of ground-floor retail.
With Miami residents praying for prices to decrease as expected, we thought now would be a good time to update our Miami rental heat map, showing 15 of the hottest buildings for renters as the Summer of 2016 rapidly approaches.
Andrew Stearns of Stat Funding sees an inflection point approaching if market trends continue as inventory soars, projecting a 540-percent increase in resale condo supply equating to "57 years of supply at current sell-through rates."