Summer seems more crowded around here? It’s not just your imagination
Once upon a time – if you stayed in town for the summer – tables were easy to get, the streets were never jammed, and you enjoyed a 3-month respite from the tidal wave of visitors that stream into Miami every month. Not anymore. Tourism this summer is running only about 10% less than high-season months, according to the Miami Visitor and Convention Bureau. Tourism is Miami’s #1 industry, and all this additional traffic is a welcome boost to hotels,... Read More
Miami Ranks 4th in purchasing power among 73 cities
gallery - laartseen.com UBS Wealth Management Research has updated its survey of 73 cities around the world, comparing prices, wages and purchasing power – and an interesting result is that Miami ranks 4th in “Domestic Purchasing Power” – outstripping almost every other city on the list. Cost-of-living comparisons are always interesting, but they really don’t Read More Read More
Brickell / Downtown / Midtown Rents are up about 7%
The Miami Downtown Development Authority provides regular research updates on the Brickell / Downtown / Midtown sales and rental market that any renter, buyer or condo investor will find useful. Rents are up approximately 7% over last year, with an average square footage price of $1.93, or $2,097 per month. Condo sales volume declined 10% from 2nd quarter 2010, but prices rose Read More Read More
Test your rental IQ
”Bargain Hunting – 2011″ Q. What’s the best way to find a good rental in Brickell, Midtown or South Beach? A. Start with a great online rental site, then narrow your search down to neighborhood and price. From there, you can ”do it yourself” or use a qualified, experienced real estate agent. The route you choose depends on your tolerance for frustration, and how much time and energy you’re willing to commit to the task. ... Read More
Renting costs about 1/3 the price of a hotel room
If you think renting is expensive consider this: the average hotel room rate in Miami is currently $165 per night, according to a new report by the Miami Convention & Visitors Bureau, which amounts to a 10% increase over last year’s rates. If you’re paying $2,000 per month in rent, your nightly rate Read More Read More
