Brickell’s real estate market has experienced significant growth and development in recent years, transforming from a primarily financial district into a vibrant residential and commercial hub. The area is known for its luxury condominium towers, offering modern amenities and stunning views of Biscayne Bay and the Miami skyline. In recent years, Brickel’s growth has been driven by a few factors, which have made it a popular investment.

Development Boom

Over the past few decades, there has been a significant development boom in Brickell, with the construction of numerous high-rise condominiums, office buildings, and mixed-use developments. This rapid development has transformed Brickell into a vibrant urban center.

Business and Financial Hub

Brickell is home to a large number of financial institutions, corporate offices, and business centers, with global companies such as Microsoft and Citadel, making it a desirable location for professionals. The proximity to work has driven demand for residential properties in the area, where people could live or rent a home for the period of time they would need.

Cultural and Entertainment Options

The rise of Brickell as a residential destination has been accompanied by the development of new retail and dining establishments, enhancing the area’s overall appeal and livability. The Brickell City Centre, a large mixed-use development, has been a key contributor to this transformation, offering a wide range of shopping, dining, and entertainment options.

International Appeal

Brickell has attracted a large number of international buyers and investors, drawn by Miami’s status as a global city and its strong real estate market. This international appeal has helped drive demand and prices in the area.

The median home sale price in Brickell

The median home sale price in Brickell last month reached $701,000, indicating a 5.1% increase compared to the previous year. The median price per square foot rose to $655, marking a 2.4% increase over the same period, as reported by Redfin.

Real estate investment opportunities in Brickell

Brickell is the central hub for new construction condos within Florida. With over a dozen projects in progress, Brickell anticipates welcoming more than 6,000 apartments and condos in the coming years. Here is a list with top preconstruction projects in Brickell right now.

1Visions at Brickel StationsFrom $490,420
2Domus Brickell ParkFrom $621,900
3One Twenty Brickell ResidencesFrom $750,000
4Mercedes-Benz Places MiamiFrom $822,900
5ORA by Casa Tua BrickellFrom $900,000
6Lofty Brickell MiamiFrom $989,000
72200 Brickell ResidencesFrom $1,241,000
8Cipriani Residences MiamiFrom $1,709,900
9The Residences at 1428 BrickellFrom $2,900,000
10Baccarat Residences MiamiFrom $3,425,900
11888 Brickell Miami, Dolce&GabbanaFrom $3,450,000
12Residences at the Mandarin Oriental MiamiFrom $5,000,000
13St. Regis Residences MiamiFrom $5,400,000
14Una Residences BrickellFrom $6,900,000

Looking ahead, Brickell’s real estate landscape is poised for further development, focusing on upscale amenities, sustainable design initiatives, and cutting-edge architecture. Given its appeal to both residents and businesses, Brickell is poised to retain its status as one of Miami’s most sought-after neighborhoods in the foreseeable future.