Miami’s Design District: • Asking rents have risen 200% since 2019 • Foot traffic jumped 47% over the past four years through 2023 • Luxury corridors such as New York’s Meatpacking District and Chicago’s Magnificent Mile have experienced *double-digit decreases* in foot traffic over that period “For certain brands, Miami is their bestselling city, said Michael Burke, head of LVMH Fashion. “And for others, the Design District is their top store in all of America.”” -WSJ long MIA
I share more specific South Florida • investment opportunities, • REPE job opportunities, • trends and insights here: miamimultifamily.ck.page/opportunities
@OmarMora1es And the only place where a hurricane could decimate it all in one day!
@OmarMora1es And that’s all before The Moore opens !mooremiami.com
@OmarMora1es they gave Robins a lot of love in that piece- curious on why it came out now. prob something big brewing
@OmarMora1es 200%.. wow.. puts Multifamily rent growth to shame
@OmarMora1es What about the threat of Sea Level Rise? Will they all just fly someplace new? vox.com/climate/238726….
@OmarMora1es dumb question, but what explains the huge difference between MIA vs NY/CHI? i’m guessing perceptions of public safety rather than work from home
@OmarMora1es best wishes to them. but out of my league.
@OmarMora1es Unfortunately the condo market isn’t doing as well.. finance.yahoo.com/news/floridas-…