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Downtown Miami

Florida - Miami

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Downtown Miami - Miami

Downtown Miami is the business and financial district of Miami, but also the main commercial center of the state of Florida, as well as the third largest one in the United States in terms of importance. It is mainly composed of skyscrapers, the oldest one is the Freedom Tower, which today represents the symbol of the Cuban exodus of the early nineteenth century.The "American Airlines Arena" is also the venue for the Miami Heat Basketball team. In addition, public transportation is very developed in the center of Miami, firstly because it is completely free and autonomous (no wicket, no ticket, no controller), and secondly because it is a real tourist attraction: fun for the youngest, and it allows to discover the city in another way for the older ones.

Market overview

Miami is one of the regions that was most affected by the real estate crisis of 2007. At that time, some properties had lost more than 50% of their value. However, Miami has remained a very attractive city, where anything is possible. As a result, the housing market has recovered well, even if it has not reached its pre-crisis record levels.  The market is now more rental-oriented, which allows investors to continue to make profits. 

In addition, the number of cash purchases continues to increase and allow for high capital gains in the early years. It is thanks to this dynamic that the real estate market has been able to consolidate and continue.

Low Season
Jul 01 - Sep 30

From July to September, this is the wet season, which is characterized by strong moisture, heavy rains and stifling heat. This period is to avoid because there are hurricanes and cyclones. This is the hottest and the less busy period in Miami.

High Season
Oct 01 - Mar 31

From October to March, this is the best period to enjoy a trip to Miami. Visitors can benefit from the beach and the sun in a quiet atmosphere. As this is the dry season, the weather is nice and particularly sunny. Winter is dry and clement and it is possible to bathe all year long as the water is around 22 degrees. Discovering Miami at this period is perfect as there are few tourists.

Peak Season
Mar 01 - Jul 30

The months between March and July correspond to the tourist season. Indeed, this peak time period is due to several major events such as the Mardi Gras Carnival, the Holy Week and the Easter weekend. Miami is therefore a very crowded place as tourists want to escape from the bitter cold of North America and Canada.

Little Havana District

This highly colourful Cuban district is very appreciated by tourists. Little Havana is the center of Hispanic culture in Miami. The area is full of Cuban food, shops and cigars and Cuban people who speak Spanish. Little Havana is a nice place to travel to Cuba and discover its unique culture. Here you’ll find locals grabbing an afternoon cortado or a fresh fruit batido, talking politics over a game of dominoes, or eating authentic dishes from all over Latin America to a backdrop of ever-present Cuban beats. Every last Friday of the month, Little Havana welcomes "Viernes Culturales" (or Cultural Fridays), which is a monthly gallery night showcasing the cultural arts scene of the neighbourhood. Multiculturalism in Miami is the best represented in the district of Little Havana.

Brickell Avenue

Brickell Avenue is the name of the road which goes from North to South in Miami and which was formerly part of U.S. Route 1. This is the main road which crosses Downtown Miami and its is 27-kilometer long. Brickell Avenue is a desirable address associated with business and finance. As it is the center of the city, this area is characterized by bustling and dynamic activities. The place is full of magnificent modern buildings and skyscrapers.

Bayside Marketplace

Situated in the heart of Downtown Miami, Bayside Market is tourists' favorite place. This huge outdoor shopping center hosts more than 150 trendy boutiques and stores among which there are international brands such as Gap or Brookstone. In addition to be a little paradise for shopping lovers, Bayside Market offers a breathtaking view on the Biscayne Bay and on its skyscrapers. In a trendy atmosphere, discover this nice market which became an unmissable place.

The PRESTIGE MLS agents

Michael Polly
Director
Royal Shell Real Estate
Miami
Discover Hotspots in Miami
Miami is an American iconic city, which makes the whole world dream. Multicultural, festive and above all tolerant, Miami is a place where everyone can find his place.Located between the Everglades National Park and Biscayne Park, Miami enjoys a tropical climate, warm and humid all year round. Over the years, Miami has built a reputation as a trendy city, as well as artistic city by hosting every year the international "Art Basel" event that brings together and presents more than 250 prestigious galleries from all over the world.Miami is also famous for the culture of sport: surfing, windsurfing and other street workout have become the most practiced activities in recent years, that make sport as the real king of Miami. Miami's diversity...
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