In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses the widening spread in condo prices compared to rental rates in the Brickell Avenue Area submarket of Greater Downtown Miami.
Charts of the condo and rental markets in the Brickell Avenue Area are located at the bottom of this page behind the paywall.
During this 10-minute podcast, Zalewski discusses the latest resale statistics in anticipation of Saturday’s Miami Condo Correction Walking Tour™ of the Brickell Avenue Area submarket.
During the scheduled three-hour tour at 10 am on July 26, 2025, Zalewski will share insights about the current state of the Brickell Avenue Area of Greater Downtown Miami market, provide a detailed list of all condo projects within the submarket and teach attendees how to evaluate condo buildings from a pricing perspective.
The Brickell Avenue Area is defined as an area stretching from Eddie Rickenbacker Causeway north to the Miami River.
The Brickell Avenue Area is one of three submarkets - along with the Central Business District and the Biscayne Boulevard Corridor - that together comprise Greater Downtown Miami.
For context, Greater Downtown Miami is defined as the Eddie Rickenbacker Causeway north to the Julia Tuttle Causeway, and Biscayne Bay west to Interstate 95.
The statistics show that Brickell Avenue Area now has more than 18 months of condos listed for resale during the 2025 South Florida Summer Buying Season, which stretches from May through October.
Industry watchers consider equilibrium to be about six months of supply with more months of inventory suggesting a buyers market and less months a sellers market.
Additionally, Zalewski points out in the podcast that condo pricing in the Brickell Avenue Area is severely out of whack.
In fact, the average asking price of a condo in the Brickell Avenue Area is now 215 percent overinflated based on the “1% Rule” of real estate investing that relies on monthly rents.
The current average asking price for a Brickell Avenue Area condo is nearly $1.2 million per unit while the median monthly rent was about $3,750 during the busy 2024-25 Winter Buying Season that stretched from November through April, according to a report by CondoVulturesRealty.com.
For context, condos in the Brickell Avenue Area submarket traded for less than $945,000 during the Winter Buying Season.
Miami Condo Minute™ Podcast Timeline:
00:00 Introduction
00:20 Overpriced Units in Brickell Avenue Area
00:46 Upcoming Brickell Avenue Walking Tour
01:17 Overview of Greater Downtown Miami Condo Market
02:46 Importance of Analyzing Condo Buildings
03:19 Details of the Brickell Avenue Walking Tour
03:53 Analysis of Brickell Avenue Condo Prices
04:47 Understanding the 1% Rule
06:45 Advice for Condo Investors
09:09 Conclusion
For more videos, please visit MiamiCondo.Club.
It is worth nothing that we are pleased to offer a portion of our research for free to our newsletter subscribers and MiamiCondo.Club readers, providing a glimpse into our insights.
For full access to our comprehensive reports, statistical charts, virtual Monthly Meetings and exclusive MeetUp events, we invite you to join the Miami Condo Investing Club™.
The Club's mission is to foster a community that shares realtime, actionable intelligence on the latest real estate trends, emerging opportunities and trusted service providers throughout South Florida.
Whether you are a Do-It-Yourself (DIY) condo buyer or a seasoned real estate professional, the Club provides invaluable resources, including up-to-date statistics, expert analysis and access to tailored consulting services.
An added benefit of the Club is that members receive discounts on all Miami Condo Correction Walking Tours™. Please visit MiamiCondoClub.eventbrite.com for a schedule of upcoming tours.
We also encourage you to explore our podcast, available on all major platforms such as Apple, Spotify and YouTube, for insightful discussions and updates.
As always, our consulting, expert witness and buyside brokerage services remain available to you, building on our established reputation since 2006.
For specific information regarding discounted condo resales or bulk deals in South Florida, please visit CondoVulturesRealty.com or contact our office directly at 305.865.5859.
This information is intended for general informational purposes only and is based on research, personal experience, and interviews. It does not constitute legal advice, as we are not legal professionals. While we strive for accuracy and completeness, this information is provided on an "as is" basis, without any warranties or guarantees.
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