Recently though, condominiums have been springing up all over the downtown area in an attempt to revitalize the area, especially on evenings and weekends, by keeping commuters Downtown instead of fleeing to the suburbs at the end of the workday. Downtown Miami has undergone a radical transformation, turning the area into more than just a place people have to work from nine to five.
Where once stood empty surface lots and crumbling buildings, new soaring residential structures have emerged. Although Downtown remains a key place for business in Miami, it has also become the solution for many people who would rather not waste time in the car commuting to work, giving them the ability to live and work in the same neighborhood.
As of 2009 there were approximately 60,000 year-round residents in the Downtown Miami area, including the neighborhood of Brickell. Along with Brickell, the Downtown area is considered the fastest growing neighborhood in Miami, with an estimated 550 new residents to move to the Downtown area every month as of February 2010. In fact, census projections indicate that the area’s residential base has increased from 40,000 to 60,000 since 2000, with more than 10,000 residents expected over the next six years.This is a significant change since 2000, where the population of Downtown Miami residents was between 11,243 and 13,932, with 6,397 households and 2,633 families residing in the city. Recently, the average listing price for homes for sale in Downtown Miami is $1,121,780.
Most people who choose to live in Downtown Miami do so because of the locations convenience to almost anything. Apartments in downtown Miami are located right in the heart of things, making this a good spot for those who like to be close to the action.
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