Sometimes when people or the media mention, the Miami Real Estate Market, they often group all of the neighborhoods into one big market.  However it’s not totally accurate and each of our neighborhoods are different mini markets and each of the buildings have their own as well.

The areas that we specialize in are what we consider to be true “city living, pedestrian friendly, high rise living” neighborhoods of Miami.

Some of these neighborhoods are still in a little transition in terms of the big city pedestrian feel because they were built during the boom, however going forward I anticipate that they will continue to develop and create their own new mini city centers of living.

The South Beach neighborhood of Miami Beach is often referred to as a mini Manhattan. This neighborhood has a true grit city feel. One could literally live on South Beach (On Miami Beach from about 23rd street down to 1st street) and never leave this area. You could also live in this area without a car. The area is very pedestrian friendly, has lots of local shops, restaurants and cultural activities. Because of it’s allure and the quality of living, this part of the Miami Real Estate Market is always in high demand and often comes at a premium price whether renting or buying.

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The Brickell area of the Miami Real Estate Market is often referred to as the financial and business district of Miami. There are a lot of banks, insurance companies and International professional businesses based in Brickell. In terms of the overall environment Brickell feels a little more polished, commercial and planned than the organic feel of South Beach. Brickell is located just south of Downtown Miami on the edge of Biscayne Bay (east). Many of clients really like the Brickell area because in terms of what you get for your money when compared to South Beach, you can often get something less dated.

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Downtown Miami is located just north of Brickell and south of the Biscayne Corridor and Midtown Miami Area. This area stretches east of 95, south of the causeway and along the Biscayne Bay. On the bay side of Downtown Miami are the Port of Miami, Bay side Market Place, the American Airlines Arena and the soon to be Miami Art Museum (scheduled to open in 2013). Even in our more challenging market place these buildings are almost sold out and are full capacity.  This area features buildings like Marina Blue, 900 Biscayne and Marquis.   I think this area has big things to come in its future! Pretty impressive.

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Biscayne Corridor/Midtown Miami are sort of parallel to the Miami Beach area and just off of the Biscayne Bay. I grouped these two areas into one because they are both similar to me in terms of development. A few years ago, some of the blocks in these areas were literally grass and fallen down buildings. They are now in the middle of a new boom with new commercial development along the corridor and Midtown Miami now features some of Miami’s best restaurants.   The 1800 Club & Quantum have totally transformed the Pace Park area. Midtown Miami has had a lot of recent success in terms of new restaurants and stores opening.

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Ultimately, where you choose to live depends on your budget, lifestyle and what you expect to get for your money.

South Beach, Brickell, Downtown & Midtown Miami are different and each have something special to offer….. drive around, do the comps, preview the buildings and find out which area and building fits you.  Or better yet, call me and I will do all of this for you.

Copyright © By Jamey Prezzi 2010 * All Rights Reserved* Miami Real Estate Market Neighborhoods Defined