The Weekly Take from CBRE
Sunshine: Shaping the Future of Miami
Mar 3, 2025
Henry Bott, President of Swire Properties USA, has shaped Miami's real estate landscape for decades. Troy Ballard serves as Vice Chairman in CBRE’s multifamily practice, specializing in Florida's market. Together, they discuss Miami's rapid growth and its appeal to international investors. The demand for luxury housing, exemplified by the Residences at Mandarin Oriental, is on the rise. They also examine the changing demographics in Brickell and explore adaptive re-use opportunities in the softening office market.
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Quick takeaways
- Miami is experiencing rapid growth driven by a vibrant lifestyle and increased housing demand, attracting both domestic and international investors.
- The transformation of Brickell into a dynamic community is exemplified by the development of Brickell City Center, fostering urban living and accessibility.
Deep dives
Miami's Current Appeal
Miami is currently experiencing a surge in popularity, particularly in the Brickell area, which is attracting significant investment and interest from both domestic and international buyers. The recent net migration to South Florida is largely driven by the city’s vibrant lifestyle and opportunities, making it a prime destination for those seeking a new home. Developers like Swire Properties are capitalizing on this trend, with long-term plans coming to fruition, including new luxury projects like the residences at Mandarin Oriental. The combination of Miami's sunny climate and urban amenities contributes to its status as a global destination, making it a city to watch in terms of real estate growth.
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