What does an active real estate market means? If the real estate market of a certain location is active, then it simply means that there are a lot of investors who are purchasing properties in that particular location. It means that the location is sound, ideal, since it effortlessly captures the attention of real estate investors. Also, it means that the location has a lot of important features to offer. These define Brickell in Miami, and these explain why the Brickell condos for sale are in-demand.
The emergence of new preconstruction structures in the beautiful Brickell Avenue has transformed the area into the liveliest, energetic real estate market in the face of South Florida. The number says it all: 29 percent of the condominiums conforms to Brickell. This cannonade in construction gives birth to an inevitable question: Will the developers modify this favored Miami area in order to entice new customers?
The Brickell area has expanded to 20 blocks on the Miami River towards the Rickenbacker Causeway at the east portion of the I-95. The developers have expressed their plans regarding the construction of 32 new condominium towers in total, so as 10,000 units in the Brickell Avenue, as well as 61 buildings and 18300 condominiums in the Greater Downtown Miami area.
So what does this means? This implies that the Brickell Avenue area is getting ready to acquire a big quantity of buildings which doubles the number that this Miami area can accommodate in its physical limits. This fact justifies that the developers are very committed and serious to this market, especially that it has been known as a new trendy spot. They are yearning to address almost all things that investors want to have.
Despite of the fact that the Brickell area has a reputation of featuring high-priced condos, the reality prevails that the number of recommended towers is simultaneously growing. Why? One of the most essential facets is the surfacing of a brand new lifestyle, which entails the best restaurants so as nightlife in various destinations, such as the Mary Brickell Village.
Prior to the real estate boom, the Brickell Avenue was a location packed with offices that are active until 6pm. At present, this particular area is not only filled with professional actions, but also vibrant nightlife. Also, the most relevant personalities of the city moves its streets. On top of that, among the most relevant reasons is the development of the mixed use progression of the United States of $1.05 billion- the funds allotted for the Brickell City Center.
This has increased values at the Brickell Avenue. It as well modified the panorama of the Brickell area to have a more modern feel. The added value of Brickell can be seen on the prices. The real estate investors are motivated by the fresh, new changes made in the neighborhood. Worried that you won’t find the right residential slot in Brickell for you?
Don’t be, because the developers are seeking new alternatives and markets to the progression of the Brickell Avenue. This is the reason why new condos are being constructed in different areas, like the Biscayne Boulevard, and Design District neighborhood.
If you want to snag an excellent deal in one of the Brickell condos for sale, hire an experienced real estate firm that has great knowledge in the Brickell area.