According to a recent report, Miami recorded the lowest office vacancy rate among the top 25 U.S. markets in Q1 2025, at 15.5%. Miami also stood out as the second-strongest market in terms of high sales prices.
The initial component, a residential building named Aurea, will be reviewed by Miami’s Urban Development Review Board on May 21.
To avoid paying tariffs right away, many companies choose to store products in an FTZ. Technically, the goods haven’t entered the U.S., so no tariffs are due until they leave the zone and are brought into the country.
Miami’s office market has experienced a significant resurgence in early 2025, with leasing activity reaching its highest levels since late 2023 and rental rates climbing sharply.
New York City had already been losing residents since 2017, but the trend accelerated during the pandemic. Many of the wealthiest chose Florida—particularly Miami and Palm Beach. This influx of high-income buyers led to a sharp rise in home prices.
Amid rising construction costs, fluctuating interest rates and tariff disputes, developers are increasingly choosing to sell sites they have spent years entitling rather than sit on land they can’t afford to build on yet.
From luxury condo launches to housing for essential workers, there are eight major developments shaping Miami’s property market.
Grappling with growing issues around affordability, safety, and intense development, here’s a snapshot of the top challenges highlighting the region’s housing struggles.
The real estate market in South Florida is undergoing a dynamic shift, tackling long-standing challenges around affordability, urban density, and lifestyle. Here are five key trends shaping the local market.
No-bid government land deals are typically justified in emergency situations, such as post-disaster recovery. However, when there is no emergency and without a competitive process, Miami-Dade county can’t be sure it’s getting the best deal possible.