What we’re about
Here's what's happening:
- PortMiami’s $61.4B expansion drives 15-20% rent premiums for industrial spaces near FEC Railway links, with a 1.2M SF cold storage deficit now pressuring developers to convert outdated warehouses.
- Live Local Act gives 40% density bonuses for projects with 40%+ affordable units (up to 120% AMI), with top-tier developments like Culmer Place V securing $25M state grants and 20% IRR via tax breaks.
- Condo reserve laws force 24% fee hikes and $45K/unit assessments for older towers, while office conversions (e.g., 1060 Brickell) bypass legacy costs and achieve $65/SF rents in prime areas.
- Adaptive reuse projects in Wynwood/Allapattah yield $213/SF profits (vs. $300/SF for new builds), boosted by Coral Gables’ “Mediterranean bonus” adding 15% height to compliant designs.
- Workforce housing at 120% AMI ($95K income) remains unaffordable without 4.0 FAR density and tax abatements, pushing micro-studios (486 SF) to $2,385/month rents to meet investor returns.
We'll be discussing these or similar trends and how they affect the Miami real estate market. We'll share insights on navigating these changes and explore potential opportunities. Our meetups will be casual, informative, and focused on real-world challenges and solutions in Miami's real estate scene.
Upcoming events
No upcoming events