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.
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.
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.
Coconut Grove is rapidly morphing into the city’s newest billionaire enclave, fueled by a wave of nine-figure real estate deals.
Island brokers and builders say interest from South Florida luxury buyers has surged, driven by Vero’s relative affordability and its uniquely relaxed, refined lifestyle.
Even as the post-pandemic real estate boom cools, home prices in the Sebastian–Vero Beach metro area continue to rise.
Miami’s economic momentum continues to be driven by solid consumer spending and ongoing construction activity. Growth in the first quarter is expected to exceed national averages, reaching approximately 2.5% to 3%, although lingering economic uncertainties warrant caution.
The 0.91-acre development site at 340 Biscayne Blvd. is approved for an 82-story tower with about 950,000 square feet of sellable space, including 374 condominium units and 120 hotel rooms. The new auction is scheduled for Jan. 28.
The loan will fund One West Twelve Residences (One W12), a 22-story development with 372 units planned at 105 Northwest Eleventh Terrace. The short-term-rental-friendly condo project will feature a mix of studio and one-bedroom condominiums, along with a limited number of townhouse-style units.