SoFlo Intel Report | Brickell Edition 2.0

SoFlo Intel Report GREAT BUYS IN SOUTH FLORIDA’S POPULAR NEIGHBORHOODS | BRICKELL EDITION 2.0

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Welcome to the SoFlo Intel Report: RelatedISG Realty’s submarket snapshot of the best buys in South Florida’s best neighborhoods. In each issue, we will dive into factors and projects that make these neighborhoods so popular.

In this edition, we will focus on South Florida’s Brickell Market.

Sells Out

Reach & Rise Residences at Brickell City Centre ISG World was the exclusive brokerage for Reach and Rise.

“

We are grateful for our sales team at ISG World for their role in this sell-out and thank them for their dedication to the development. Swire Properties will continue to invest in Brickell over the coming years and attention will now turn to the development of the remaining phases and parcels surrounding Brickell City Centre.

”

Kieran Bowers President of Swire

AS SEEN IN THE

May 21, 2021

Brickell New Construction Summary For Condos Built Since 2012 TOTAL UNSOLD

TOTAL SOLD

53

Unsold Units 5 Flatiron & 48 Una Residences

Total Units 5,657

5,604 / 99%

Sold As of June 2021

CURRENT CYCLE

Brickell Future Deliveries for Traditional Condos Traditional Condos are defined as Condos with no short-term rentals

TOTAL CONDO DELIVERIES

5

4

3

UNA RESIDENCES (to be delivered until 2025)

2

1

1

0

* Projected

0

0

0

0

2021

2022

2023

2024

2025*

A New Cycle Begins

Brickell Related kicks off new condo cycle, teases Baccarat Branded Condo in Brickell.

What is the Real Estate Rule of Thumb?

10% OR MORE OF INVENTORY = BUYER’S MARKET 10% OR LESS OF INVENTORY = SELLER’S MARKET

Brickell Avenue Condos Now A Seller’s Market!

Brickell MLS Resale Snapshot For Condos Built Since 2012

TOTAL NEW CONDOS BUILT SINCE 2012

5,522 TOTAL ACTIVE MLS LISTINGS

515 / 9.33% SELLER’S MARKET!

Brickell Condos Resale Transaction Analysis (Condos Built Since 2012)

JAN - DEC

179

2020

JAN - MAY

222

2021

50

100

150

TOTAL SOLD RESALES

200

250

JANUARY - MAY 2021

104.20 % OF 2020 RESALES

305.931.6511 | RELATEDISGREALTY.COM OFFICES Aventura | Coral Gables | Edgewater | Paraiso | Fort Lauderdale | Weston