Lower Miami River Exploding; Over $7 Billion in Recorded Sales Since 2000

Gridics Staff March 16, 2016 Development Pipeline, Investing, Market Analysis, Trends

The formerly-neglected Miami River has seen incredible action in the last two real estate cycles, with literally billions of dollars trading hands and thousands of new units coming to market in buildings like One Miami, Flagler on the River, and Icon Brickell. Since the year 2000, the lower river (the section between Spring Garden and Biscayne Bay), including properties up to a single block inland, has seen $7.3 billion in recorded sales according to Gridics data, with almost all of it ($7.08 billion to be exact) concentrated in the blocks between Biscayne Bay and I-95. In 2010, the most lucrative year in the river's history, $1.089 billion in sales were made.

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