High housing prices, low wages, and other financial pressures are driving Miami-Dade residents away. The result is a concentration of wealth: higher-income individuals are moving in, while lower-wage workers are moving out, and overall population growth is beginning to stall. That’s not a healthy trajectory for long-term economic stability.
The company, Iru—an IT security and management platform formerly known as Kandji—leased approximately 78,000 square feet at 3390 Mary Street and an additional 14,000 square feet at 2901 Florida Avenue. Both properties are part of the Mayfair in the Grove mixed-use complex. South Florida’s office market continues to gain momentum as new companies enter the region.
While the Treasure Coast continues to attract attention for its coastal appeal and steady population growth, successful investing in this market requires a clear understanding of the local variables that influence returns, risk, and long-term performance.
Expected to begin within the next few weeks, the aging property will be transformed into a 250,000-square-foot open-air retail center. The project is expected to be completed between 2027 and 2028.
A majority of the Vero Beach City Council voted on March 10th to relinquish control of the airport’s parking lots and approved a $243,000 change order for the consultant designing the parking system.
Scheduled for completion in the fourth quarter of 2029, the project will feature two 20-story towers containing 132 condo residences, along with six townhomes and 17 guest suites.
National real estate company and multifamily developer Thompson Thrift recently celebrated the grand opening with a ribbon-cutting ceremony. The 276-unit Class A community marks a significant addition to the Vero Beach housing market.
Florida’s tax benefits have made the state an attractive destination for entrepreneurs, investors, and high-net-worth individuals. Miami, in particular, has emerged as a new hub for tech entrepreneurs seeking favorable tax conditions.
Since its Jan. 20 debut, the free water taxi service has carried about 900 riders per day. For now the route connects Miami Beach and Miami, but officials envision a broader network.
Coconut Grove is rapidly morphing into the city’s newest billionaire enclave, fueled by a wave of nine-figure real estate deals.