MARKET UPDATE Cervera Real Estate Market Update in collaboration with the Miami DDA
Issue 4 | November 2012
Downtown is feeling the Heat!
What’s inside…
Downtown Miami has become an epicenter of entertainment from athletics to the arts; our area is one of the hottest in the nation! Our 2012 NBA Champions, The Miami Heat, will not disappoint this season with the team’s latest two additions, former Boston Celtic, Ray Allen and Rashard Lewis from the Washington Wizards. Many Miamians are also taking advantage of great performances at the Adrienne Arsht Center, coming soon The Nutcracker and Stomp. New restaurants and lounges have opened throughout downtown and Brickell, including PM Buenos Aires Fish & Steak House located right across from Cervera’s Corporate Office. All of this positive activity certainly facilitates rises in real estate prices as a large number of residents desire the bustling city lifestyle. From this time last year to now, the average sales price per square foot increased 7% and rental rates are up more than 10%. If you’re interested in buying, selling or leasing, stop by or call one of our nine sales offices located within the Miami DDA District (downtown and Brickell.) Cervera Real Estate 1492 S. Miami Avenue Miami, FL 33130
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Realtors: Join the new era of Cervera! We offer exceptional sales and marketing training, dynamic locations, innovative marketing and so much more. For a confidential meeting please contact Marketing@Cervera.com. See what everyone’s talking about!
• Sales & Leasing Activity Report • Foreclosure Activity • New Office in Biscayne Corridor • Getting Around Downtown • New Residential Developments • Downtown Map