As 2014 comes to a close we can all look forward to a leveling off of residential rent, after a spike during the past year of
6%. Brickell Investment Properties has become part of Miami’s downtown residential development this past year and we’re pleased to say will be adding to the 2300 new apartments that will become available within the next 24 months. This is great news for potential investors because the surge in Brickell Condos for sale will ultimately cause prices to level off, offering more opportunities for those who want to live in Miami’s core district, which has seen a massive growth in the past few years. Demand for properties in the area continues to mount, so these new spaces will surely be in very high demand, particularly with their expected affordability.
The new year provides enormous anticipation with this exciting space opening, nearly doubling commercially owned rental opportunities for those who may have otherwise been priced out of the downtown district. With condos in such high demand now is the perfect time to invest before the demand outweighs the availability. To find out more and see some of the properties you may be interested in contact a ReMax agent today.