Demand for rentals in South Florida Soar

The condo boom in Miami-Dade County crushed construction of rental apartments, and investors who purchased apartment buildings did so in order to convert them to condos. The county’s inventory of rentals plunged.
Once the bust began to clear, however, demand soared for rentals, vacancies plummeted and rents began to rise. With credit hard to come by, potential buyers became more interested in renting. “The younger generation coming up are not viewing home buying as a great investment anymore.
Gables Residential opened a luxury apartment development in Coral Gables this summer. Units at Gables Ponce are moving faster than the company had planned.
Developers are taking advantage of the rising demand, with both national and local players breaking ground on projects. Lenders are confident in the county’s rental market, says Gary Fitzgerald, a real estate banking executive with City National Bank, which is active in financing sales of existing apartments and new construction.
Institutional investors, who appreciate apartments’ steady income, are raising bids as they compete for a limited supply of rentals. Lenders, too, are competing to finance sales and construction.
Now, some new rental developments are being converted to condos, as that market continues to come back.

RETAIL BOOMS FROM SOBE TO DOWNTOWN

MIAMI—With mega retail projects emerging in Downtown Miami, where does that leave Lincoln Road? Will buyers still be willing to pay top dollar for Lincoln Road retail with the likes of Brickell City Centre and Miami Worldcenter emerging?

Swire’s Brickell City Centre inked a deal with Bal Harbour Shops on the retail front. The 2.9 million-square-foot mixed-use development will include a high end 500,000-square-foot retail center.

Swire also plans to develop condominiums, hotel and other elements of the project in the third quarter of 2015, offering built in shoppers. Swire’s retail center will host a Sacks Fifth Avenue, for starters.

Meanwhile, the first phase of the $2 billion Miami Worldcenter includes retail, residential towers, and an expo center and adjacent hotel that promises to elevate the blighted neighborhood to destination status. Forbes Company and Taubman will deliver a 765,000 square-foot shopping mall anchored by Bloomingdale’s, Macy’s, and dining and entertainment options.

Is there room enough for Lincon Road, Bal Harbour Shops, Miami Worldcenter, Brickell City Centre, the Design District and other retail centers in Miami? Will retailers pay top dollar on Lincoln Road with so much new inventory coming online?

Adam Lustig, a partner in Miami-based Bilzin Sumberg who has been involved in some of the recent real estate deals that have led Lincoln Road, tells GlobeSt.com buyers are willing to pay top dollar on Lincoln Road because of the tenants Lincoln Road is attracting and the rents they are paying.

“Lincoln Road is unique,” Lustig says. “Both locals and tourists really enjoy the pedestrian mall experience. I don’t think the Brickell City Centre, Miami Worldcenter or the Design District will hurt sales on Lincoln Road. They are all fantastic projects that will help bring Miami to the next level in retail.

“It is not a fixed pie, though,” Lustig says. “As Miami transforms into a world class city and tourism continues to expand, I think there is room for all of these projects to be successful.”

20 Razones para visitar y comprar en Miami!

1. Asequible Inmobiliaria: el mercado local ofrece asequibilidad de registro, servicios e incentivos de vendedor; 50% más
asequible en los últimos cinco años; dólar débil da mayores descuentos para compradores extranjeros
2. Principales mercado de compradores Internacionales, la Florida y Miami son los mercados principales para compradores
internacionales; y se espera que superen a otros mercados estadounidenses por mucho tiempo en el futuro
3. Clima envidiable: la única gran ciudad “subtropical” en Estados Unidos. Promedio de temperatura 75 ºF / 23 º C
4. Hermosas playas: Greater Miami tiene 84 millas de osta del Océano Atlántico y 67 millas cuadradas de vías navegables y más
de 15 kilómetros de playas de fama mundial
5. Actividades y deportes de agua: disfrute de buceo, vela, canotaje, kayak, natación, buceo y otros deportes acuáticos durante
todo el año
6. Excitante estilo de vida para todos, jóvenes adultos, familias, “baby boomers”, jubilados, celebridades y visitantes - recintos
de espectáculos, museos, galerías de arte, Polideportivo y magníficos lugares para “shopping”
7. Fabulosa vida nocturna – Ocean Drive y más - mejores restaurantes, clubes nocturnos, bares, zonas interactivas famoso del
mundo
8. Restaurantes – en Miami puede saborear cocina de todo el mundo a diferencia de cualquier otra ciudad de Estados Unidos
9. Entretenimiento – centro de moda más importante, principales agencias en el mundo, la semana de la moda & más de 2.400
empresas vídeo y película de modelado
10. El comercial e inversión inmobiliaria: las tasas de vacantes para todos los sectores comerciales en Miami están por debajo
del promedio nacional; las ventas al por menor y multifamiliares están superando la mayoría de los mercados principales en
los Estados Unidos
11. “Puerta de enlace para las Américas”: ubicación estratégica entre América Latina y Europa; “Capital de las Américas” -
perfecto para negocios o placer
12. La ciudad más internacional en EE.UU.-casi el 50% de la población es extranjera nacido y hablan más de 100
idiomas
13. Centro Global de Empresas – para negocios, finanzas, comercio, medios de comunicación, entretenimiento, artes y comercio
internacional; ningún impuesto sobre la renta del Estado; hogar de casi 1,200 compañías multinacionales de 56 Naciones;
más de 100 internacionales consulados, oficinas comerciales y cámaras binacionales de comercio
14. Hoteles: ocupa el quinto lugar después de Nueva York, la isla de Oahu, San Francisco y Boston
15. Principal destino turístico: 12,6 millones de huéspedes durante la noche, con 6 millones de visitantes internacionales
16. Concentrador del mundo de aviación: tercero en los Estados Unidos con 33,5 millones de pasajeros al año; Aerolíneas más
de 80 a 120 destinos: Aeropuerto de carga superior en los Estados Unidos con 1,8 millones de toneladas - 19 millones de
dólares en ingresos de negocio/año
17. El puerto de Miami: “Capital del Crucero en el Mundo” con más de 4 millones de pasajeros al año; También sirve de 240
puertos marítimos; 9 millones de toneladas de carga de mar; principales mercados: Brasil, China, Italia y Hong Kong,
Honduras
18. Instituciones – mayor distrito escolar de u. S. IV; 5 colegios y universidades; 3 escuelas de derecho
19. Los hospitales: 33 hospitales; Jackson Memorial es uno de los principales hospitales en los EE.UU. y el Hospital de Niños de
Miami está clasificado el hospital pediátrico superior en el país
20. Principales clasificaciones
n Miami tiene la mayor concentración de bancos internacionales en los Estados Unidos.
n El horizonte de Miami ocupa el tercer lugar en los Estados Unidos detrás de Nueva York y Chicago y 18 en el mundo (Almanaque de arquitectura y diseño).
n Miami es la única gran ciudad en los Estados Unidos con dos parques
nacionales, el Parque Nacional Everglades en el oeste y el Parque Nacional
Biscayne en el este.

¡Es estupendo vivir, trabajar y jugar en Miami!

Lazaro Lopez
Fortune Int'l Realty
1390 Brickell Ave, Suite 104
Miami, Fl. 33131
(786) 525-9430
http://www.LazaroLopez.com
http://www.MiamiPropertyConsultant.com
http://about.me/lazarolopez

BRICKELL’S WORLD-RENOWNED ADDRESS! BRICKELL CITY CENTRE

An unparalleled residential address in the heart of the city, Brickell City Centre is poised to revolutionize the dynamic of an already thriving metropolis. The sun-kissed equivalent of Paris’ Champs-Elysees or Tokyo’s Roppongi Hills, Brickell City Centre will become the epicenter of this internationally famous neighborhood.

Located in the geographical heart of Miami, Brickell City Centre boasts some of South Florida’s greatest logistical advantages. Situated above two floors of below-grade retail parking, Brickell City Centre allows an unprecedented ease of street-level traffic flow. Eleven acres connected by elevated walkways span four city blocks across all comers of the development, and an onsite Metromover light rail station provides direct transit connections to many of Miami’s favorite destinations.

Combining ahead-of-the-curve, eco-conscious design with retail development savoir-faire, Brickell City Centre is the expertly curated social, business and home address that will provide a fresh perspective of what it means to live, work and play.

Urban residences for those who cross continents the way others cross streets, Reach Brickell City Centre, integral to the $1.05 billion Brickell City Centre lifestyle

BUILDING FEATURES

• 43-story tower designed by internationally acclaimed Arquitectonica
• Interiors by renowned design firm Richardson Sadeki
• Artfully integrated into master-planned Brickell City Centre, LEED8 pre-certified as a neighborhood development, with it’s innovative CLIMATE RIBBON™ floating above a luxury shopping center

»Expansive, half-acre amenity deck including tropical gardens, barbecue grills, outdoor fitness areas and children’s play area

• Heated lap and social pools with two heated spas
• Poolside beverage and cafe service

»Library with private seating nooks designed for reading or socializing

«Spacious, state-of-the-art fitness center with individual fitness studios and machine room

■ Tech-savvy children’s playroom, viewable from fitness center

»Exclusive spa for residents’ use with shared hammam featuring dipping pools, showers and steam. Also included are treatment rooms and blow-out bar for touch ups, with main-pedi station

• Designed and furnished to the level of a private residence, the Reach entertaining suite features elegantly furnished living room, dining and chef-worthy kitchen
• Equipped and furnished business center with ample meeting room
• Wi-Fi throughout the lobby and amenity deck
• On-premise concierge
• Assigned parking for all units in secured garage plus optional valet parking services
• Contact: Lazaro Lopez PA, Email: Lazaro@fir.com ,
• Tel. (786) 525-9430.