Miami Real Estate Headlines — Nov. 6, 2022

Grammy Award-winning recording artist Future makes his presence known in Miami Beach. Brightline Trains luxury train service is set to open its Aventura station. And pricing relief is on the horizon for South Florida renters.

Here are your Miami real estate headlines presented by Arno De Vos.

Hello, I’m Arno De Vos and here are the news stories making headlines in miami real estate:

It’s not just Wall Street movers and shakers moving to Miami. Grammy award-winning recording artist “Future” making his presence known in Miami Beach. The BET award recipient picking up this contemporary home on Allison Island for just over 16-million dollars. The 7200 square foot property was built in 2020 and includes 7 bedrooms, 75 feet of waterfront, and a 3-car garage.

And getting around between South Florida’s biggest cities without your car – soon a reality in North Miami, too. Brightline, the luxury train service seamlessly connecting Downtown Miami to West Palm Beach – now just weeks away from adding its newest station – this time, in Aventura. Bizjournals reporting the privately owned-and-operated highspeed rail service will have it’s Aventura station online before the end of the year. The addition, one of many Miami mass transit expansions happening – including the city’s metro-mover service, announcing its service expansion connecting downtown Miami to Miami Beach in 2025.

And pricing relief may be on the horizon for some South Florida renters. A new report by rental search engine “Zumper” showing rent increases for one-bedroom and two-bedroom properties in Miami, Fort Lauderdale and West Palm Beach – finally showing signs of leveling. While average rents are still up significantly from a year ago, the numbers when comparing September to October are relatively flat. This, after big rent increases in recent years – largely due to continued high demand.

And that’s the headlines impacting Miami's real estate this week. For more on these stories, head over to Miami-re-news-dot-com. If you like it, share it. My name is Arno De Vos with Cervera real estate. Thank you for watching.

Host: Arno De Vos

Producers: Omar De Windt; Veronica Sabrina

Art: Jorge Alberto Arevalo