Infrastructural and Social Developments within Brickell and Downtown that will affect future sales and rentals. Rental Increase per sq.ft. over 2012 9% 8% 7%
8.3%
6% 5% 4% 3% 2%
4.4% 2.0%
1% 0%
1.4%
1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom units units units units Information derived from Florida MLS data.
Information derived from DDA Miami.
One of the most significant reasons why we
dollars
have seen such an increase in population
Over
in
infrastructural
within Downtown and Brickell (population
midtown and downtown has in some cases
grew from 71,800 to 78,000 between 2011-
increased in value by over 30% as so many
2012) is that these neighborhoods have
businesses move into the ‘business hub of
become a much better place to live:
Latin America’.
Better transportation:
Infrastructure:
The metro mover has extended from Brickell
A new cinema and a new wholefoods in
directly to the airport, the Brickell Trolley a
Downtown. The building of the new Art
free trolley service around the neighborhood
Museum and History Musem (the biggest
started last year and has been incredibly
in the whole of the US) also in Downtown.
popular.
New supermarkets in the Midtown area. 30
2012
Commercial
development. property
in
new restaurants in Downtown, Midtown and
Commercial development:
Brickell have all opened in the last 12 months.
Significant amounts of Commercial buy up
The new Brickell City Center with a host of
have occurred in Brickell and Downtown with
new retail stores as well the new designer
18 million sq.ft. of class A and B office space
stores in midtown will continue to make this a
and 2.5 million sq.ft. of retail space. The Port
highly desirable neighborhood and add value
of Miami is chartering more than $2 billion
to the surrounding Condos.
9
INVESTORS GUIDE 2013
Mary Brickell Village - seen as the center of Brickell will soon be joined by Brickell City Center which will further expand the number of restaurant, shops and services to a neighborhood which is currently growing in population by a staggering 10% a year. DAVID SIDDONS GROUP, EWM REALTY INTERNATIONAL