Miami Condo Market and Lifestyle Updates
The Condo Boom in Brickell Caused by Area’s Attractions

The Condo Boom in Brickell Caused by Area’s Attractions

by Sep Niakan | September 08, 2014

The properties on Brickell Avenue are becoming scarce, and condo developers are moving west. What is causing the boom in Brickell, and how far will developers go before they stop attracting condo buyers?

Peter Zalewski is a consultant with the real estate market, a licensed real estate broker, and a columnist for a real estate journal. Zalewski provided his in-depth answer to this question.

The Brickell Avenue area is the biggest and most active market in South Florida for new condo developments.

The number of new condos that are coming to Brickell is almost 30% of over 35,000 units in all of Miami-Dade, Broward, and Palm Beach counties.

Already, there have been 32 new condo towers, totaling over 10,000 units, announced for the Brickell area. This number is out of 61 towers with over 18,000 units in Greater Downtown Miami.

A few factors feed into the boom of Brickell, including new retail space, restaurants, and nightlife at places like Mary Brickell Village. The billion dollar project, Brickell City Centre, is also contributing to the area, which has many condo buyers excited for the Brickell area.

In 2009, condo re-sales in Brickell sold at an average of $225 per square-foot. During the same time this year, the average jumped 87% to $421 per square-foot.



Photo credit: Brickell City Centre

Recent posts


7 Must-Do Pre-Halloween Events

by Sep Niakan | October 13, 2016

I know Halloween’s around the corner and it’s a given it will be the highlight of everyone’s social calendar. Miami’s Fall calendar is full of exciting events and here’s the low-down on how you can enjoy the run up to...

Real Estate News

With Approved 960-Foot Brickell Market Place, a Headache for Brickell Heights?

by Sep Niakan | September 27, 2016

Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...

Real Estate News

An Edgewater Miami Hotel Joins the Micro-unit “Tiny Homes” Trend

by Sep Niakan | September 26, 2016

Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...

Real Estate News

Skyrise Miami: Future Tourist Destination and Hard Pill to Swallow for Miami Locals

by Sep Niakan | September 23, 2016

The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...