Miami Condo Market and Lifestyle Updates
Brickell and Edgewater Experiencing the Largest Spike in Residential Units Over the Next Few Years

Brickell and Edgewater Experiencing the Largest Spike in Residential Units Over the Next Few Years

by Sep Niakan | June 15, 2015

 

The Brickell and Edgewater neighborhoods are feeling the biggest jump in number of units out of the whole Miami area.

With new projects and developments popping up everywhere in Miami, seeing construction is not a shock to residents. However, there are trends of one neighborhood after the other getting attention, then developers moving along. This has resulted in a spike of residential units.

According to the Greater Downtown Miami Residential Real Estate Market Study, released by the Miami Downtown Development Authority and prepared by Integra Realty Resources, Many residential units are coming to downtown in the next few years. The study split Miami into six submarkets, which were Brickell, the Central Business District, Arts and Entertainment, Edgewater, Midtown, and Wynwood. In total, there are almost 15,000 residential units in the conceptual and planning phase of their development.

Out of the six submarkets, two stuck out among the rest: Brickell and Edgewater. These two neighborhoods are growing faster than all of the others. Brickell is expected to grow 27%, and Edgewater is expected to grow 67%. The reason Edgewater has such a high number is due to its lack of present residential units.

 

Source: miamitodaynews.com

Photo credit: Edgewater invmia.com  Brickell worldpropertyjournal.com

Recent posts

Real Estate News

Could Cite in Edgewater Have New Hotel Neighbor?

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...

Real Estate News

Brickell Avenue Bridge Schedule, Traffic and Solutions -- All You Need To Know

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...

Real Estate News

9 Positive Signs for the Miami Real Estate Market in 2017

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. ...

Real Estate News

Projects That Will Change the Way We Look at Wynwood, Forever!

by Sep Niakan | December 28, 2016

We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...