Friday, June 29, 2018

4 main reasons you should invest in Brickell

Since the American Dream seems uphill in overpopulated cities such as New York, Miami stands up as the most relevant spot for starting a business, raising a family and starting a whole new life. Here is the secret: the Florida market is still young, its relentless but gradual growth keeps the prices moderated, which helps people to easily establish.

One of the golden starts of Miami is the Brickell district, the financial center of Florida that has gained popularity among foreign investors for the last 15 years, due to its liberal policies. Nowadays, Brickell is the 3th marketplace in the U.S, with fast-moving dynamics, highly focused on banking, real estate and retail.

The “Wall Street South” is living a great moment in its history, becoming the perfect ground for opportunities for new Florida residents. Today, we tell you 4 main reasons to invest in Brickell in 2018.

Reasons to invest in Brickell

  1. An uprising market for long-term investments: the boom of Brickell’s real estate industry is still emerging. Over the last 15 years, there has been a huge increase in new building projects, and many of them are still under construction.
In a city where fiscal business, tourism, luxury and multiculturalism take center stage, it’s a smart idea to be part of the first stages of building a brand-new economy. Just imagine the value of condo units in the next 20 years, in a faster, more populated Miami.

  1. It’s a high demand rental area: Brickell is the favorite district of young professionals between 20 al 40 years old, with an income 38% higher than citywide Miami. This youth appeal might be influenced by its convenient location near commercial areas, where day business and nightlife meet.
As young people tend to rent instead of buying, it has increased property profitability by rental benefits and demand.

  1. Miami is the most popular destination in the U.S: according to a study by LendingTree, Miami is the 1st destination of the 50 states. The research shows that during 2017, there was an increase in the number of purchase mortgage loan requests from U.S. residents, who were looking to move to Miami.
This migration will benefit real estate in the next years, especially in commercial areas.

  1. A strong bar and restaurant industry: Brickell gathers up to $8 million per year through restaurant and bar industry, that’s why it comes as no surprise that Brickell has become a foodie attraction. Currently, it stands out for its creativity, diversity and community engagement. 

If you think you are ready to take the next step, contact us. We’ll help you find the best investment opportunity for you in Brickell District.

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