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Miami Real Estate Features
Weather and population density
Mild weather year-round and lower population density compared to New York.
Low tax burden
Florida does not impose income tax, attracting many businesses to relocate.
A city for the wealthy
One of the top cities for wealthy Americans to relocate, ranked as the 3rd richest city in the U.S.
Popular Miami Areas and Real Estate Prices
Coral Gables
A middle-class area with easy access to commercial facilities.
Coconut Grove
A wealthy area with lush greenery, relaxed cafes, and commercial facilities like CocoWalk Mall.
Downtown Miami
A bustling urban area with cultural and event venues, outdoor malls, department stores, and parks, featuring many high-end condos.
Indian Creek Village
Known as the 'Billionaire Bunker,' this ultra-luxurious area is home to many global celebrities.
Brickell
Known as Miami's 'Financial District,' featuring high-end condos and hotels, and a popular shopping destination.
Popular Miami Areas and Real Estate Prices
Median Home Price in Miami
2023 Average $566,000Median Rent in Miami
2023 Average $2,954Housing Supply in Miami
2023 10,291 unitsHousing Sales in Miami
2023 6,924 units
Miami Commercial Real Estate Status
The U.S. commercial real estate market is facing challenges due to rising interest rates and increased remote work, with a national office vacancy rate of 19.6% in Q4 2023.
However, Miami has the lowest office vacancy rate in the U.S. at 8.4%.
This has led to significant corporate relocations, such as Citadel and Microsoft, expanding their office spaces in Miami.
However, Miami has the lowest office vacancy rate in the U.S. at 8.4%.
This has led to significant corporate relocations, such as Citadel and Microsoft, expanding their office spaces in Miami.
Koriny All in One Private Service - Miami Edition
Consulting & Tours
Escrow & Loans
Process & Management
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Property Selection & Tour
Loan Bank Connection
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Offer Process & Title Selection
Lease Management
Future Sale Management
Consulting & Tours
- Customized solutions from Miami real estate experts
- Tailored 1:1 reports for residential and commercial properties
- Tour services provided
Loans
- Connection with local banks for loans (up to home mortgage %)
Lease Management
- Purchase strategy review and process provision
- Verified tenants and remittance services
- Lease and facility management services
Miami Real Estate Tax Rate
2.06%
Miami
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