Miami Condo Market and Lifestyle Updates
Ducati Leases in Wynwood for its Atmosphere of Creativity and Low Tenant Costs

Ducati Leases in Wynwood for its Atmosphere of Creativity and Low Tenant Costs

by Sep Niakan | June 27, 2012

The Wynwood manufacturing district is primed for explosive growth as the neighborhood continues to accelerate its redevelopment with the arrival of its first internationally recognized brand: Ducati.  The Italian motorcycle manufacturer has tapped the corner of NW 2nd Ave. and NW 29th St. as the site for a new showroom, retail store, motorcycle repair shop, and a potential café before 2013. During its relocation efforts out of Miami Gardens, the manufacturing giant picked the Wynwood location over spaces in South Beach and Coral Gables.

Despite some initial skepticism, the company was impressed with the rate of growth the area underwent in just a matter of months and also wishes to capitalize on the growing national publicity the so-called café district has garnered of late. The growing interest of industrial manufacturing companies and the arrival of a multitude of entrepreneurs opening businesses ranging from restaurants to offices to art galleries have helped drive up retail rental rates up to 100 percent over last year. Part of the breakneck pace of Wynwood’s development is owed to the thriving retail scene in Midtown Miami with imminent plans to introduce a selection of luxury brands to the Design District.

With the rising tenant costs in that area, and in places like Miami Beach, many businesses see Wynwood as an attractive alternative with its locally booming economy and creative renaissance. That creativity is what ultimately sealed the deal with Ducati but much lower rental costs, up to a third less than rents paid in South Beach, also helped with the process.

Sep Niakan, Miami Real Estate Broker, welcomes you to Wynwood, Midtown, Downtown and the surrounding areas. For any questions in regard to real estate in the area, please call him at 305-725-0566.

Recent posts

Real Estate News

Miami’s New and Pre-Construction Condo Update: August 2017

by Sep Niakan | September 17, 2017

August comes up with quite some movement for the preconstruction condo market in Miami. We have Aston Martin Residences gearing up for a fall groundbreaking, Canvas and The Harbour successfully topped off, 1010 Brickell got its ok to open and...

Opinions and Advice

Back to school

by Sep Niakan | August 29, 2017

Septembers can be a sobering time for most as we say goodbye to summertime frolic. Kids are either back to school or are gearing up for it. Parents are busy running around, trying to get everything and every kid organized. It’s back to the...

Opinions and Advice

4 Property Tax Savings and Benefits when Buying Property in Florida

by Sep Niakan | August 29, 2017

For most people, paying taxes equals one big headache. In Florida, knowing your tax laws is worth the pain. Being a Florida resident, you can gain from many tax-saving programs. You can also find affordable real estate in big cities like Miami....

Lifestyle

September Events to Spice Things Up In Miami!

by Sep Niakan | August 27, 2017

Summer may be on its way out, but that doesn’t mean things have to fizzle down. There’s a whole bunch of stuff to do this month, especially around Labor Day weekend. Scroll through our top picks and plan a fun September in...