How is the market in Brickell Miami these days?

So back in 2018, I had a temporary work position in Miami for few month. I made friends with this guy who had a condo in Brickell. I remember, one nigh we went to his roof top and I noticed that most of the buildings were at 60% or less occupancy and there were many towers under construction. So I asked him how come they are building these high rises with no one living in them and he was like these projects get bought up as soon as they hit the market by drug lords and corrupted gov officials from South American countries, he was telling me if I move to Mimi I shouldn’t buy because rent is very cheap relatively.

Move forward today, I am wondering how is the rental market in Brickell, do you still have high level of rental vacancy or recent surge in RE turned around the rental market?

submitted by /u/Large_Surround8768
[link] [comments]

So back in 2018, I had a temporary work position in Miami for few month. I made friends with this guy who had a condo in Brickell. I remember, one nigh we went to his roof top and I noticed that most of the buildings were at 60% or less occupancy and there were many towers under construction. So I asked him how come they are building these high rises with no one living in them and he was like these projects get bought up as soon as they hit the market by drug lords and corrupted gov officials from South American countries, he was telling me if I move to Mimi I shouldn’t buy because rent is very cheap relatively. Move forward today, I am wondering how is the rental market in Brickell, do you still have high level of rental vacancy or recent surge in RE turned around the rental market? submitted by /u/Large_Surround8768 [link] [comments]

<a href="Read More“>View Full Article

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!