Miami Nights

I think the great deals you can find in Downtown right now has a lot to do why they are filling up quickly. I'll tell you, I was walking around Downtown one Saturday at 2 p.m. and there were actually people walking around -- and they weren't homeless! They were yuppies! I don't know where they were going seeing how nothing was open.

Buying their first dose of crack, perhaps. "Everyone's doing it! It's so urban!"

So that means there are a bunch of buildings not included in this report because they're not constructed/opened? The report says all these condos exist between the Rickenbacker and the Tuttle (with most vacancies being in the Brickell area). The deals are shitty too, at least for anything that's not a two-bedroom: "The median price for a studio is $1,400 per month for a 485 square foot unit". Awful. I moved out of the area about 4 months ago, and I just don't believe there's 97% occupancy. In all the newly or recently opened buildings I would only see about 40-50% of the units with lights on. The only two conclusions I can draw from that are: 1) the Amish have moved to downtown 2) there's not 97% occupancy.

I'm 2 blocks north of the Tuttle in a studio and pay half of that $1400. There's some free studios in my building if any of you guys are interested.

When I lived in midtown I was paying $750/mo for a studio. Duran actually moved into the unit when I vacated, by random coincidence. Honestly, that place should have gone for $600/mo max. I know they say "location, location, location" for real estate, but that building is older than my grandmother and in worse shape. And she's been dead for 5 years. If I move back to downtown, it would probably be by splitting a 2-bedroom place in one of the new buildings. A 3bd/2ba house for $1400 just came on the market two blocks from my current place. Tempting.

"Pretty impressive for an area that most people felt would immediately melt down into Terminator 2-style ruins."

that statement is gold!! lol

tl;dr

Anyway, has to be bullshit. My friend is at the Met One and there's only 15 people in the entire building. I can't believe it's the only building to suffer from such occupancy rates.

Um Jsand, I pay below $750... you got ripped.

She could afford to lower it when I essentially left $1500 in her pocket on moving out (I paid April's rent and moved out 4 days into April, and she kept my deposit). She posts an ad on craigslist every week. She's asking $800/mo now. I don't care about the economics of real estate, but 400 sq. ft. in a poorly maintained building from the 1920s doesn't command that type of rent no matter where it's located.

Are you saying that Duran lives in a dump?

a couple friends of mine just moved into the place across from the arena and next to pawn shop. the apartments are big and have great views...as long as you don't look down at the bums. just keep your eye on the horizon.

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