The Miami real estate is booming. At least everybody can recognize that. But just some 30km north of the city, is Fort Lauderdale, another upcoming real estate market. The boom has started the other day. It started way back in time. The growth rate has been slow though as it has come from a long way. Many investors are now considering the Fort Lauderdale real estate market as it shows a great potential now and in the coming years. The statistics have it that what’s trending is not vague but the real truth. Even the experts will tell that the city has what it takes to be number one. Compared to other cities, it is doing very well. In most cases, double results are observed.
Why Fort Lauderdale?
One may wonder why Fort Lauderdale, a city often considered only for vacation purposes by student is recording similar performance in real estate with Miami. Well, here is the thing. Demographic statistics back the city. The number of people don’t matter a thing if those people can’t afford the housing being offered in the market. Luckily enough, it is observed that people in the Fort Lauderdale are dedicating more of their incomes on housing and mortgages. That’s one tick. The other is the economic backing. In general terms, the economy of the city is doing just fine. Even if the unemployment rate is way below the other cities in the US, it is showing great improvement lowering with time. It is expected that the city will be in the league of other big cities very soon.
New influx of residents
Initially, the city was just a small town. Perhaps that’s when investors were busy making Miami what it is. Nowadays, the population has recorded a high rise indicating that not only has the local people increased but there are those who have found their way in. that’s what the investors are very keen on. A potential market. If they construct residential or commercial structures, the probability of them being fully occupied on the first month is very high. That’s because more people are continuing to flow into the city.
All types of real estate
In most cities, the real estate has almost reached climax and the market is stabilizing. In Fort Lauderdale though, it’s just getting started. Whether its land deals for development, actual building, residential or commercial renting, they are all in. an investor will be much interested in such a growing market rather than where properties are super expensive like Miami or New York.
We cannot conclude that Fort Lauderdale has more potential than Miami in real estate as these two are competing in different levels. Miami is majorly for luxury properties while Fort Lauderdale is for the normal properties. The point however is that Fort Lauderdale has greater potential for starters.
Contact Yuliya Kachko with ONE Sotheby's International Realty for more information about luxury Miami Beach, Bal Harbour and Sunny Isles Beach real estate.
Yuliya Kachko
Luxury Estate Broker Associate
ONE Sotheby's International Realty
c. 305-310-9305
Yuliya Kachko ONE Sotheby's International Realty Specialties Include: Sunny Isles Oceanfront Condominiums, Bal Harbour Oceanfront Condominiums, Miami Beach Oceanfront Condominiums, South Beach Oceanfront Condominiums, Hallandale Beach Oceanfront Condominiums, Hollywood Oceanfront Condominiums, Fisher Island Oceanfront Condominiums and waterfront single family home communities including Miami Beach Homes, Star Island Homes, Palm Island Homes, Indian Creek Homes, Sunset Islands Homes, Venetian Islands Homes, Pinetree Drive Homes, La Gorce Island Homes, Allison Island Homes, Golden Beach Homes, Hollywood FL Homes, Bal Harbour Homes.
Miami and South Florida Best Developments
Yuliya Kachko ONE Sotheby’s International Realty presents the latest best oceanfront projects in Miami, penthouses for sale Miami, preconstruction condos in Miami and South Florida. See below some of the best oceanfront real estate developments in Miami.
- Prive Aventura - Expected completion 2017.
- Marina Palms – Expected completion 2016.
- Bellini Williams Island - Completed January 2014.
- Echo Aventura – Completed January 2016.
Oceana Bal Harbour – Expected completion 2017.
St Regis Bal Harbour – Recently Completed in 2012.
- ONE Bal Habour - Recently renovated. Completed in 2007.
- Majestic Tower Bal Harbour - Completed 1998.
- Bellini Bal Harbour - Completed 2005.
- Park Grove – Expected Completion 2018.
Grove at Grand Bay – Recently Completed 2016.
- Grovenor House Coconut Grove - Recently Complete 2016.
- Palazzo del Sol – Recently completed 2016.
- Palazzo della Luna - Broke Ground summer 2016
- Trump Hollywood - Completed in 2009.
- Diplomat Hollywood - Completed in 2006.
- Hyde Beach – Expected completion 2017.
One Thousand Museum – Expected completion in 2018.
Missoni Baia – Expected completion 2018.
One River – Expected completion 2019.
- Aston Martin Residences - Expected completion 2021.
- Eighty Seven Park - Expected completion 2017.
- Ritz-Carlton Residences Miami Beach - Expected completion 2016.
- L'Atelier Miami Beach - Expected completion 3rd quarter 2017.
- Faena House – Recently Completed 2016.
- Setai Miami - Completed 2004.
- Fasano Shore Club Miami Beach - Expected completion 2018.
- 1 Hotel & Homes – Recently Completed 2016.
- Edition Residences – Recently Completed 2016.
- Beach House 8 – Recently Completed 2016.
- Bath Club - Completed 2005.
- Carillon Miami Beach - Completed 2007.
- W Miami Beach - Completed 2007.
- Glass Miami Beach -Completed 2016.
- Continuum Miami Beach - Completed 2002.
- Apogee Miami Beach - Completed 2008.
- Murano Grande - Completed 2003.
- Icon Souh Beach - Completed 2005.
- Portofino Tower - Completed 1997.
- Murano at Portofino - Completed 2002.
- Il Villaggio - Completed 1999.
- Regalia Miami - Opened June 2014.
- Acqualina - Completed 2006.
- Mansions at Acqualina - Opened January 2016.
- Porsche Design Tower - Expected completion 2016.
- Chateau Beach Residences – Recently completed in 2016.
- 400 Sunny Isles - Opened early 2016.
- Jade Signature - Expected completion 2017.
- MUSE - Expected completion 2017.
- Turnberry Ocean Club - Expected completion 2018.
- Armani Residences - Expected completion late 2017.
- Estates at Acqualina - Expected completion in 2020 Phase A.
- Ritz-Carlton Residences Sunny Isles Beach - Expected completion 2018.
- Aurora Sunny Isles – Expected completion 2019.
- Parque Towers – Expected completion 2017.
- Jade Beach - Completed 2008.
- Jade Ocean - Completed 2009.
- Turnberry Ocean Colony - Completed 2007.
- Trump Royale - Completed 2008.
- Trump Palace - Completed 2006.
- FENDI Chateau Residences - Opening late 2016.
- Four Seasons Surf Club - Opening 2017.
- Arte Surfside - Expected completion 2018.
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