Downtown Miami’s Market Shifts and Investor Caution | Downtown Miami Q1 & Q2 2023 Market Summary
August 29, 2023
Downtown Miami Q1 & Q2 2023 Market Summary. In Downtown Miami, a transformative journey is unfolding, echoed by shifting market dynamics. The current inventory is 7.04 months, marking a substantial increase of over 55% from the previous year. This upward trajectory in supply has been accompanied by an average price of $577 per square foot, reflecting a noteworthy 6% uptick compared to the prior year. As we delve further into the market, we notice that the transaction volumes suffered a 27% decrease from the previous [...]