The new zoning initiative permits developers to propose high-rise residential and commercial projects with far more height and housing units than previously allowed, aiming to increase housing supply, improve affordability, and promote transit usage.
If this momentum holds, Miami-Dade is on track to surpass last year’s investment totals, marking its third consecutive year of growth.
Developed by a Miami-based neuroscience researcher, a total of 144 Miami major construction projects have been meticulously visualized in 3D using official architectural plans. That gives the tool a high level of accuracy that isn’t available anywhere else.
The surge in foreign interest in the South Florida housing market is driven by factors such as political instability abroad, Florida’s lack of state income tax, favorable business conditions, and the region’s year-round warm weather. This comes despite challenges in the local market, including high mortgage rates, increasing home prices, and stricter federal immigration policies.
According to June 2025 statistics, condos in buildings over 30 years old are spending an average of 62 days on the market—significantly less than the 79 days seen in buildings 29 years old or newer. Meanwhile, luxury condominium sales priced at $1 million and up increased by 6.4% year-over-year in June 2025.
With an average of three known luxury residences per individual, these influential homeowners represent significant opportunities across real estate, luxury services and wealth management sectors.
The South Florida condo market is cooling due to rising inventory and shrinking demand. Across the region, sellers are struggling to offload units as prices drop—yet in Miami, condo values are holding steady. However, the market isn’t immune to broader headwinds.
The ordinance, approved on first reading by Miami City commissioners, is intended to help the city align with Miami-Dade County’s rapid transit zoning policies and Florida’s Live Local Act. However, critics described the initiative as favoring developers over neighborhoods.
In a newly published interview, billionaire founder of Citadel praised Miami’s energy and outlook.
A sweeping proposal could significantly increase development near Miami Metrorail stations and other major transit centers. Under the first phase of the plan, as outlined by city planning officials, certain properties currently capped at five stories could see high-rises up to 12 stories tall. In some areas, density could more than double.