Source: Flickr user miamism
Situated just south of Miami's Central Business District on the opposite side of the Miami River, Brickell is a the third-largest banking center in the country behind New York City and Charlotte, and it's also a key player in the international finance sector. In recent years, this vibrant South Florida neighborhood has diversified beyond its reputation as a business hub with newer residential construction in the form of luxury condos and high-end apartments. Homes for sale in Miami, FL, are in high demand thanks to a strong local economy and booming job market. For help finding the right Brickell real estate for you, call on Movoto Real Estate.
Brickell Avenue heading north into downtown Miami's Central Business District is home to the headquarters and corporate offices for just about every major international bank and financial institution. There are also a large number of insurance corporations and foreign consulates in this neighborhood. The county's unemployment rate fell to 5.4 percent in early 2015 for the first time since before the Great Recession.
Brickell locals work hard and play hard. It's a sea of suits and ties on the weekdays, but when five o'clock rolls around, the action starts. Mary Brickell Village is the heart of the area's nightlife, and it's home to high-end retail shops, restaurants, nightclubs and bars. Use the city's free Metromover to get around the Brickell neighborhood as you visit venues such as The Hoxton near the Brickell Metrorail station, the Filling Station (one of the city's top burger joints) or Biscayne Tavern.
For a break from the hectic pace of downtown life, residents visit one of several parks in Brickell, Miami. These include Southside Park, Simpson Park or Brickell Park, which is located in Brickell Key just to the east of the mainland. Simpson Park is a historic natural preserve on eight acres that includes an indoor room that you can rent for private events.
As of 2014, the average household income in Brickell was $125,500, which is more than double the average for greater Miami. In December 2015, the median price of Brickell real estate was roughly $400,000. While the real estate market has exploded in recent years, salary growth has not kept pace. The real estate market has now stabilized, so things should smooth out in the near future.
In Brickell, you'll find many beautiful single-family homes such as this spacious three-bedroom gem on SW 19th just blocks from the center of the action, and condos such as this one-bedroom, one-bathroom unit with beautiful water views. Most Brickell, Miami, FL, real estate is located in lower Brickell, which is south of Broadway, although newer developments can also be found in upper and west Brickell.
If you're considering a move to South Florida, give Brickell a try. It's young, vibrant and is one of Miami's most walkable communities. When you're ready to move to Miami, Florida, your local Movoto Real Estate agent is here to help you find the right type of Brickell real estate for you.
