The temperatures are not the only thing that is hot in Miami. Housing and rental markets are skyrocketing as more people move south for nicer climates and sandy beaches. Miami rent rose by an average of 27% in 2021, and continues to rise faster than the national average. Increases in rent and real estate prices have pushed Miami to become the second most expensive housing market in the United States, but it’s not keeping new residents – or businesses – away.

South Florida’s commercial real estate market is predicted to remain strong , despite the negative impacts of the pandemic on the area. In fact, hotel occupancy has rapidly risen and these policies have helped the Miami’s hospitality and retail industries to bounce back quickly.

Florida’s pro-business government has made Miami a hotspot for big businesses. According to Ryan Holtzman of Cushman & Wakefield, “The venture capital firms are flooding this market. The hedge funds and private equity firms are flooding this market.”

Located in southeastern Florida, Miami is a coastal city with charm and culture. From classic to contemporary, Miami boasts the country’s third largest skyline and has the largest collection of Art Deco architecture in the United States. These diverse buildings house some of the largest commercial, financial, and international trading companies

Miami has been harnessing the natural energy of the Sunshine State and moving towards more sustainable building practices for many years. In fact, Miami’s government requires all new buildings bigger than 50,000 square feet to meet the Leadership in Energy and Environmental Design (LEED) silver certificate.

Even back in 2017, Miami was paving the way for green building. That year, over 1,300 commercial projects participated in the LEED program and 555 of those buildings ended up LEED certified. In 2021, the Miami Design District became the first neighborhood in the world to earn a LEED Gold certificate.
If you’re looking for sustainably focused contractors to support building certifications and attract tenants to your CRE investments, let Miami Everything CRE help.