Investor Demand Drives New Construction in Brickell

Investor Demand in Brickell

Investors comprise approximately 90% of the buyers in the Brickell condo market. This concentration of investor ownership is driven by the area's high volume of short-term rentals, which currently account for about 50% of the rental supply in the neighborhood.

This demand is supported by the fact that Miami receives approximately 8 million visitors annually. To meet this demand, the market expects the delivery of about 2,000 new short-term rental units in Brickell over the next five years.

Development Landscape

Habitat Group is a significant player in the local construction scene, with a portfolio representing roughly 35% of the Brickell submarket's pre-construction condo inventory. The developer is behind several local projects, including Smart Brickell, Millux Place, Season One, and Parkside Brickell. Additionally, Cipriani Residences broke ground in February 2024.

Local Inventory and Pricing

As of August 26, 2026, Brickell has 941 active condo listings with a median asking price of $859,000 ($806/sq ft). The area saw 559 sales in the last 12 months.

Nearby buildings offer a range of entry points and price points for owners:

• Le Parc at Brickell has 7 active listings starting from $510,000 with a median asking price of $688/sq ft.
• Parkside Brickell has 3 active listings starting from $545,000.
• Melia features 4 active listings starting from $548,000 at a median of $1,258/sq ft.
• Domus Flats Brickell has 18 active listings starting from $540,000 at a median of $1,338/sq ft.
• Mercedes-Benz Places Miami has 11 active listings starting from $755,900 at a median of $1,764/sq ft.
• Colette Residences has 3 active listings starting from $2.79M at a median of $1,480/sq ft.

Sources

Miami Today: Latin Americans scoop up new Brickell condos to make them rentals — https://www.miamitodaynews.com/2025/08/13/latin-americans-scoop-up-new-brickell-condos-to-make-them-rentals/