Brickell is an urban neighborhood. It is South Florida and Miami’s major financial district, making it the core of Miami's financial, banking, and investment sectors.
Brickell is an urban neighborhood. It is South Florida and Miami’s major financial district, making it the core of Miami’s financial, banking, and investment sectors.
Settled in the mid-19th century, Brickell is growing to become Miami’s “Millionaire’s Row.” Nowadays, Brickell has grown to be among the largest financial districts in the United States. Its fast-growing residential population has made it one of the fastest-growing and most dense neighborhoods in Miami.
Brickell is a high-rise inhabited neighborhood with numerous upscale, apartment towers and luxury condominium. Along with Miami Avenue, Brickell Avenue, and Brickell’s main north-south avenue, there are many popular Miami shops, restaurants, and places of entertainment. The four seasons hotel and tower which was once Florida’s tallest building is found in Brickell. Also, the northern entrance to the financial district on Brickell Avenue is marked by the Icon Brickell complex.
In recent years, many families are gradually relocating into Brickell. Regardless of being an urban neighborhood, Brickell has a community and a friendly feeling. It is a very safe environment for adults and children. Formerly, Brickell was not known as a family-oriented neighborhood. It was mostly known for being a financial business-oriented area. Nonetheless, this notion has changed tremendously. Today, Brickell offers more places and entertainments for kids.
Moreover, within Florida, Brickell is the hotspot. It has the most recent construction condos making Florida one of the fastest-growing destinations, second in the United States only behind Texas. Thanks to hot new hotels such as SLS Lux Brickell, W Miami, and East, Miami, many visitors are opting to visit this neighborhood. There is also Mandarin Oriental, Miami; the first luxury property in the neighborhood. Bounded by striking water and city views, this glamorous property brings the spirit of Five-Star luxury to the area. With an exotic day spa, a high energy bayside dining, and a private infinity-edge pool, Mandarin Oriental, Miami provides a taste of Asian tranquility in sun-kissed Miami.
The buildup of new condos, nearly perfect weather, trendy new restaurants and bars, and business opportunities make Brickell particularly attractive to people from all over the world. Most new residents are people from Central and South America and those running from high taxes and cold weather in the northeast.
BRICKELL REAL ESTATE MARKET
Along with Downtown and Miami Beach, Brickell is amongst the most popular neighborhood in Miami. But then, according to Brickell real estate report for 2017/2018, the sales volume in Brickell seems to be dwindling as the years go by. From January to April 2018, the Brickell on the River condo recorded seven closed sales unlike the 15 closed sales recorded in 2017 during this same period. Consequently, prices have equally dropped. This downward trend was probably as a result of high inventory of condos available on the market.
However, if you want to diversify your investment, you should take a look at the YotelPad project. It is a new condo-hotel project. This project allows buyers to purchase a small unit and give it out short term. This program permits investors to gain more than the traditional annual property rental.
Brickell presently sees a development boom with enhanced public transportation as well as a boom in entertainment, luxury dining, and shopping. Do not miss out your chance of being part of this cosmopolitan neighborhood.