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Navigating Brickell Condos in 2025
The Brickell Condo Market: A Comprehensive Guide for Buyers and Sellers
This article covers all you need to understand regarding the Brickell Condo Market, catering to both buyers and sellers. We’ll explore the current market status, its future outlook, and which Brickell condos to consider, whether you’re interested in existing condos or new construction condos.
Brickell in a Nutshell
Brickell, often referred to as the Manhattan of the South, stands as Miami’s vibrant urban hub. Renowned for its plethora of luxury residential towers, it serves as the center of Miami’s activity. This dynamic neighborhood attracts numerous young professionals who both work and socialize here. Brickell hosts a multitude of financial institutions and companies and offers a diverse array of bars, restaurants, and shops. Lately, it has garnered significant attention from hedge funds and international companies, driving the neighborhood’s ongoing expansion. To meet the influx of companies relocating to the area, Brickell is currently witnessing the construction of 6 million square feet of Class A office space.
The Changing Dynamic of Brickell and The Brickell Condo Market
Historically, Brickell condos primarily targeted renters, with 80% of the market consisting of rental units. During the previous cycle, there was a significant surge in the market, particularly with the introduction of smaller 1-2 bedroom units, catering to young professionals seeking rentals. This segment of the market performed relatively well despite fluctuations common in investor-driven markets. However, in 2021, the landscape shifted as more companies announced their relocation to Brickell. This influx of residents altered the area’s demographic significantly. Now, there is a growing demand for larger units from residents intending to make Brickell their year-round home. Consequently, new condo projects are tailored to meet the needs of these primary residents.
| AREA | Price per SF TOP 5 SALES 2023/2024 | Price per SF TOP 5 SALES 2018/2019 | Market Appreciation in % |
| Coconut Grove - Condos | $2731 | $1,208 | 126% |
| Surfside - Condos | $4,792 | $2,366 | 103% |
| Bal Harbour - Condos | $3,462 | $2,065 | 68% |
| Brickell - Condos | $1,802 | $1.230 | 47% |
| Edgewater - Condos | $1,523 | $1,033 | 47% |
| Downtown Miami - Condos | $1,537 | $1,086 | 42% |
| Sunny Isles - Condos | $2,490 | $1,835 | 36% |
| Fisher Island - Condos | $2,968 | $2,289 | 30% |
| South of Fifth - Condos | $4,040 | $3,334 | 21% |
| Miami Beach - Condos | $3,430 | $2,960 | 16% |
| Key Biscayne - Condos | $2,362 | $2,173 | 9% |
The Best Existing Brickell Condos
The market for properties under one million dollars remains strong. However, perceptions of a slowdown are not uniform across all buildings. Older properties face challenges, while those built in the last decade are performing better. Rising HOA fees and assessments are hitting older condos particularly hard. Brickell’s market has long lacked truly luxurious condos, especially larger units. Until recently, the Four Seasons Residences were the only genuine luxury option.
| Condo | Best Line | Top Price per SF | Appreciation in Last 5 Years | Current Listings | |
| Four Seasons Residences | E & F | $1,650 | 35% | Listing at Four Seasons | |
| Flatiron | 01 & 02 | $1,650 | 48% | Listings at Brickell Flatiron | |
| ECHO | 01/02/03 | $1,500 | 25% | Listing at Echo Briekcll | |
| SLS | 01 & 05 | $1,100 | 50% | Listings at SLS | |
| Average Brickell Condos | n/a | $700-$900 | 73% | Brickell Listings | |
New Construction Condos in Brickell
The emergence of a new wave of condos now offers more functional, spacious residences tailored to discerning end-users within the ultra-luxury segment.
| Condo | Location | Prices per SF | Delivery Date | Best Lines | More project Information | Independent Review | |
| The Residences at Mandarin Oriental | Location | 2,500 | 2028 | 01/02 | More Information | Our Review | |
| St Regis Brickell | Location | $2,000 | 2027 | A & B | More Information | Our Review | |
| Cipriani Residences | Location | $1,600 | 2027 | 01 | More Information | Our Review | |
| 1428 Brickell | Location | $1,650 | 2027 | E | More Information | Our Review | |
| Baccarat | Location | $1,650 | 2025 | 01 & 06 | More Information | n/a | |
| Waldorf Astoria Downtown (SKY RESIDENCES only) | Location | $2,400 | 2025 | 01/02 | More Information | n/a | |
| Aston Martin Residences | Location | n/a | 2024 | 01 | More Information | n/a | |
FAQ
These are the most commonly asked Google Real Estate Related questions
1. What are the Current Best New Condos in Miami?
If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023.
2. What is the best New Construction Condo in Fort Lauderdale?
In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.
3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami?
Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!
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