The Miami Report — Q3 2024
Forget the postcards. We analyze hard data, zoning shifts, and institutional capital flows to show you where Miami's true value lies today.
Median Condo (Brickell)
$845k
↑ 4.2% YoY
New Residents (Daily)
114
Net migration
Avg. Days on Market
42
↓ 12% YoY
Commercial Vacancy
9.8%
Class A Office
Most Miami publications are funded by brokerages or developers. Their incentive is to tell you that now is always the best time to buy. Journal of Miami is strictly independent.
We rely on strict data scraping, municipal records, and unvarnished cultural critiques to tell you exactly what is happening in the Magic City—from the shifting water tables to the actual price per square foot in Edgewater.
Neighborhood Analysis
We mapped 14,000 property records to find out exactly how much of Edgewater is owned by REITs and private equity—and what it means for rents.
Dining Critique
Are we paying New York prices for Orlando quality?
Business
A sober look at the commercial leases signed in 2021.
Guides
Don't rely on Zillow's estimates. Here is the actual math.
Moving from New York or California? The lack of state income tax is only half the story. We built a calculator that factors in Miami's soaring property insurance, HOA special assessments, and private school tuitions.
Stop buying based on zip codes. Understand the block-by-block realities of zoning, flood zones, and school districts.
The strict zoning laws preserving property values, and the real cost of historic designation.
Read the brief →Tree canopies, walkability, and the creeping threat of lot-splitting developers.
Read the brief →Traffic saturation, new luxury condo supply, and the reality of HOA reserves.
Read the brief →Sea level rise mitigation efforts, insurance spikes, and the short-term rental bans.
Read the brief →Following the Surfside tragedy and the subsequent passage of SB 4-D, Miami condos are facing historic special assessments. We track the buildings hit hardest to help buyers avoid financial traps.
Read our complete guide to condo due diligence →| Neighborhood | Avg. Age of Bldg | Est. Assessment Risk | Market Impact (2024) |
|---|---|---|---|
| Mid-Beach | 45 Years | Severe | -8.4% Sales Volume |
| Brickell (Pre-2000) | 32 Years | Moderate | +1.2% Sales Volume |
| Edgewater | 12 Years | Low | +4.5% Sales Volume |
| Aventura | 28 Years | Moderate | -2.1% Sales Volume |
* Data aggregated from Miami-Dade public records and MLS listings as of Q3 2024.
Culture & Society
As tech money reshapes the cultural landscape, we examine what is lost when historic diners become private members' clubs, and how the authentic Miami art scene is fighting to survive the influx of speculative galleries.
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