Miami real estate circles have been buzzing about what some are calling the “Mamdani Effect.” Miami brokers report that inquiries from New Yorkers have risen as clients worry about potential tax hikes and a less business-friendly environment under a Mamdani administration.
Mamdani’s platform includes a proposed 2% tax increase on New York City’s top 1% of earners — those making over $1 million annually — to fund initiatives such as rent freezes, free public buses, and city-owned grocery stores. The candidate has also stated that “billionaires should not exist.”
In 2025, Miami-Dade County’s commercial sales volume rose 30%, led by strong growth in the multifamily sector, where foreign investors are playing an increasingly significant role.
The property is currently available for sale or joint venture partnership.
Mana has focused on restoring historic structures and funding the $30 million Flagler Street streetscape improvement project, now nearing completion.
This two-phase, multi-tower project will transform a five-acre site in Midtown, linking Wynwood and the Design District, with residences, offices, retail, dining, parks, and a major racquet and padel club.
Miami-Dade County has announced the launch of Metro Express, the region’s first Bus Rapid Transit system — and the longest fully electric BRT line in the United States. The project was made possible through a $100 million investment from local, state, and federal partners.
At full build-out, Midtown Park will feature six towers, including four residential buildings and two office structures.
Once known more for agriculture than housing, the Homestead area and surrounding parts of South Dade. are seeing a surge in development activity as land availability in Miami-Dade County continues to shrink.
The 5,875-square-foot building, constructed in 2014 on a 5,000-square-foot lot, previously sold for $21.5 million in 2016, reflecting a solid gain in value.