Miami Ranked Top City in Housing Expansion
by Sep Niakan | March 19, 2014
|Housing supply growth from 2000 to 2010 - Source: Next City|
Miami beats out most of the largest cities in North America. Many cities did not build enough housing, and the demand for it was too much. Miami, however, overtook that market, and expanded greater than Chicago, New York, San Diego, and many other big cities.
Between 2000 and 2010, Miami grew 24% in housing supply, with about 35,000 new units of housing in total. Many of the 35,000 units were from large buildings that contained 50 or more housing units.
Sources say that there is not much connection between the growth of a city’s housing, and the demand for housing in that area. Some cities, such as Pittsburgh and Detroit, lost housing in the market, going down about 6% in the 2000 to 2010 period.
These numbers, however, do not give account for the lack of demand, so cities like Denver have more housing growth than New York City, but the housing in Denver is not as desired or in as much demand as the other cities.
by Sep Niakan | January 22, 2017
Welcome to the month of love! February’s here, and it’s time to get into celebration mode once again. With Valentine’s being the highlight of the month, Miami’s got a mixed bag of events that will help singles and couples...
by Sep Niakan | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...