Wynwood, Miami, FL, Commercial Submarket

Submarket Information

Wynwood is a high-end neighborhood in the north of the downtown district of Miami, Florida. The neighborhood borders include I-195 to the north, NE 2nd Avenue to the east, NE 20th Street to the south, and I-95 to the west. As one of the city's more developed urban centers, the submarket features a collection of high-rise residential developments, extensive shopping centers, retail establishments, office buildings, and a unique collection of upscale commercial real estate. Notable uses for these properties include art galleries, restaurants, bars, shops, cafes, and more. As there is high foot traffic in the community, especially during business hours, demand for rental space to serve this population center is quite high. The high number of people in the submarket, especially during the weekdays, makes it a unique investment opportunity for buyers and renters looking at establishing a presence for their business in the submarket.

Properties in Wynwood is a combination of the old and new. There are plenty of newer high-rise and mid-rise buildings in the neighborhood, both for residential and office use. Older warehouse buildings are also available many of which have been repurposed for different uses. Although quite old, these structures are typically priced about four times their value due to the high demand for real estate in their location. Many of the old manufacturing structures are also being converted as industrial uses tend to shy away from the area as rental prices continuously increase, with most industrial companies opting to move to other parts of the city.

For additional information on the neighborhood or to see available properties for sale and rent, check out our website at https://patmcbride.com/.

Business and Industrial Parks

Check out our website at https://patmcbride.com/.