Miami is Third in the Nation for Residential Price Gains

Brickell (27% Expected Growth)
Every organism needs a beating heart and veins to carry the juice, and Brickell’s heart is Swire’s Brickell City Center. The massive development has served as a catalyst for a tsunami of development keeping Brickell as the leading submarket in development. The veins are the transportation options (Metrorail, Metro Mover, Miami Trolley, etc). Though not great, they’re definitely better than nothing. It seems every week a new tower is proposed and once the Center comes to life the growth will only accelerate.

Edgewater (67% Expected Growth) 
Edgewater—specifically “East Edgewater,” is a historically underdeveloped submarket that’s currently capitalizing on its most precious asset: Biscayne Bay waterfront land. As a result, developers have achieved strong pricing in the area and given its success it is expected that development continues on non waterfront land in the near future. Although this neighborhood lacks the transportation infrastructure as of today, its growth will highlight the importance of connecting this node in the future.

Miami is currently an awkward teenager trying to figure out what it wants to become, thanks to foreign buyers we have been able to enter a new real estate boom, once the financing options are in place, domestic buyers; the true engine of growth, with the aid of policy makers will be able to shape growing neighborhoods such as the Arts & Entertainment District, Midtown and Wynwood into successful and connected urban centers. – Andy Morales