Homes For Sale in North Miami, FL

By
Services for Real Estate Pros with InboundREM

North Miami, FL

 

Community and Real Estate Information

North Miami is an industrial submarket that stretches along the Biscayne corridor from NE 125th St (N Miami Blvd) to NE 163rd St (North Miami Beach Blvd) (North Miami Beach Blvd). Anything north of Miami Shores, west of I-95, south of Hallandale Beach, and west of Biscayne Bay is considered part of North Miami. As an oceanfront area, most of the coastline is populated by high-end luxury real estate with private docks and stunning views of the ocean. While the community is mostly residential, there is a variety of commercial real estate available, with tenants having access to shopping, enterprise, and industrial space.

 

The majority of the warehouses in the city are smaller bay or one-of-a-kind properties that cater to a specific user's needs. They're not meant to be sold in big-box stores. Many of the larger industrial areas are prime candidates for redevelopment into higher-value applications, such as mixed-use developments. Lexus and Audi of North Miami, Farrey Lighting and Bath, and Cemex are among the area's major owners.

 

In terms of Miami Industrial Real Estate Statistics the Total Square Feet Inventory was 250,000,000 SF, Average Sale Price was $157 psf, Under Construction was 4,000,000 SF, Market Rent was $12.61 psf and lastly the Vacancy Rate was 6.1%.

 

Check out the original neighborhood post at https://patmcbride.com/.

 

Nearby Businesses 

The city mainly serves as a bedroom community, offering family-friendly neighborhoods to families seeking to relocate to the area and here are the business parks within the area: North Miami Business Parks and Golden Gates Of ice parks. On the other hand, the following are the nearby shopping malls and landmarks of North Miami: Aventura mall, Turnberyy Golf Course and Resort, and lastly Dezer Development. 

 

Check out the original neighborhood post at https://patmcbride.com/.

 

Business Opportunities 

Every real estate has its own pros and cons. In terms of North Miami, it provides outstanding commercial real estate opportunities for developers looking to invest in Miami-Dade County's northeastern market. To the south, the I-95 has easy access to Downtown Miami, and to the north, the city of Fort Lauderdale. Since there is such a large amount of residential real estate, there would be a large number of future jobs living nearby.

 

Check out the original neighborhood post at https://patmcbride.com/.

 

Important Considerations

There are few opportunities for a wider warehouse and warehousing activity in the submarket, and regeneration is on the rise. The cost is higher than in other parts of the county.

 

Check out the original neighborhood post at https://patmcbride.com/.

Miami, FL Market Report:

Households:  883,372
Median Listing Home Price: $425,000
Median Listing Home Price Per Sqft: $301
Median Rent: $1,754
Average Days on Market: 76
Home Ownership Percentage: 62.1%

Miami, FL Community Report:

Population: 478,251
Average Household Income:  $39,049
Median Age: 40.1
Associate's Degree or Higher: 37.04%
Elderly Percentage: 16.02%
Cost of Living Score: 123.1

 

If you would like to receive a FREE Competitive Market Analysis, contact me today.

 

Let me help you find your perfect industrial space!

If you require a Buyer's Agent to represent you during your transaction, please feel free to contact our office at 305-619-2937. We would be glad to work with you to get the best deal possible for your transaction.

**************************************************************

POSTED BY:

 

Pat McBride

305-619-2937

8200 NW 41st Street Suite 155
Doral, FL 33166

https://patmcbride.com/

Comments (0)