MARKET UPDATE
Lincoln Rd
Cervera Real Estate Miami Beach Market Update
Issue 1 | Second Quarter 2012
15th St
11th St
South Beach commands highest price per square foot
What’s inside…
If you’ve been reading the news lately you can’t help but notice the fair amount of attention directed towards downtown Miami and Brickell’s recent phenomenal growth. Although the downtown area has seen record occupancy rates with steady price increases, South Beach is king when it comes to price per square foot. Recently sold residences in the Setai indicate average prices psf are high as $2,921, and Apogee in SoFi commanded $2,177 psf at a recent sale this past October. Pristine beaches, resort-style residences and unparalleled luxury living are just a few reasons why South Beach is one of the most attractive places in the world to own real estate.
• SoFi’s New Oceanfront Address: Ocean House South Beach • The Grand Dame of Real Estate • Market Trends for Hot Properties
South Pointe Dr
Ave
Dr Ocean
Rd on Alt
1st St
• Miami Beach News
Cervera Real Estate 864 Commerce Street Miami Beach, FL 33139
Collins
2nd St
Washin gton Av e
5th St
Cervera Miami Beach Office 864 Commerce Street