Surge In New Residential Towers Transforms Miami Worldcenter Neighborhood

01/12/2025 59 min Temporada 2025 Episodio 1130

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Episode Synopsis

Peter Zalewski of the Miami Condo Investing Club™ took viewers on a tour of the Miami Worldcenter neighborhood in this final installment of a three-part Black Friday condo shopping weekend series.The Miami Worldcenter neighborhood—a densely developing segment of Greater Downtown Miami’s Central Business District (CBD) submarket—is transforming from an area of vacant lots to what feels like a massive construction site as a series of new towers are planned, under construction or recently completed.In this final installment of a three-part Black Friday condo shopping weekend video series, Peter Zalewski of the Miami Condo Investing Club™ took viewers on a video tour of the Miami Worldcenter neighborhood on Sunday, Nov. 30, 2025.The Miami Worldcenter video followed tours of the Brickell Avenue Area on Friday, Nov. 28, 2025, and Flagler Street in the Central Business District (CBD) on Saturday, Nov. 29, 2025.The Miami Worldcenter neighborhood is a portion of the larger CBD that stretches from the Miami River north to the Gen. Douglas MacArthur Causeway, and Biscayne Bay west to I-95.For this tour, the Miami Worldcenter is defined as Sixth Street north to the MacArthur Causeway, and Biscayne Bay west to the Metrorail tracks.Greater Downtown Miami’s CBD currently has more than 800 condo units listed for resale at an average asking price of $1.7 million per unit or $999 per square foot.The condo listings have been on the resale market for an average of 175 days without selling as of Nov. 30, 2025.In the previous 12 months between November 2024 and October 2025, tenants paid a median rent of less than $3,500 per month to lease a unit in Miami’s CBD.It took 48 days to lease out these units on a median basis.

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