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Condominium market in Brickell holding steady
Sep 28, 2016
The condominium market in Brickell – though slower in some ways than it was a year ago – is holding steady, observers say.
“We’re continuing to see an increase in inventory, but it’s a little hard to track,” said Nayla Benitez, manager of EWM Realty International’s Brickell office. “From one month to another, it will change.”
Brickell City Centre’s Rise condominium started delivering in August, “and units are not coming into the market as resales or rentals” yet, she said. Some units in Reach, a twin condo that was delivered first, have popped up as resales, she said. Two other buildings, The Bond and Le Parc, also began closing on units recently. The SLS Hotel & Residences Brickell’s hotel component will open soon, followed by closings of the condominium units.
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