PRESTIGE DESTINATION GUIDE : MIAMI

BARNES GLOBAL PROPERTY HANDBOOK 2025

An emblematic city of Florida, Miami enchants with its year-round sunny climate, economic dynamism, and unique lifestyle. With sought-after neighborhoods such as Miami Beach, Coconut Grove, and Brickell, the city attracts an international clientele in search of secondary residences, strategic investments, and a high-end living environment. Its constantly evolving real estate market benefits from strong appeal among foreign buyers, confirming Miami as a destination of choice for families and entrepreneurs.

The most sought-after neighborhoods in Miami

Miami Beach, the prime beachfront addresses, and newly developed districts have become true star destinations. For condos, the Edgewater district, adjacent to the Design District, has reached cruising speed. It is now common practice for investors buying off-plan to target a district and use it as leverage. The outcome is consistently positive, with significant capital gains and high returns. Brickell also remains a safe bet. For single-family homes, the key areas are still Coconut Grove and Key Biscayne. The scarcity of land and newly built houses means prices are much higher than in other sectors, with a clientele that prioritizes quality of life and proximity to the water.

The most sought-after properties in Miami

Miami’s offer is richer than ever. The most sought-after properties are luxury villas located on the seafront or in secure private islands along the bay, offering an exceptional setting and breathtaking views of the ocean. For apartment buyers, Miami is synonymous with generous living spaces, with ceilings sometimes tripled for optimal enhancement, and an abundance of natural light ranking among the best internationally. The rarity of properties with unobstructed views ensures immediate added value upon delivery.

Buyers’ expectations in Miami

Both American and international clients want to enjoy Miami’s best views—whether from their residence, gastronomy, architecture, the lagoon, or the proximity to renowned landmarks. Today, Miami is as much a cultural hub as a digital one: a Nasdaq on the water, Salesforce, Perotini, and the Art Basel fair.

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Client profile in Miami

The American clientele is complemented by Latin American and European buyers. Miami continues to attract newcomers from California and the East Coast—New York, New Jersey, and Connecticut. The international clientele remains very present, consisting mainly of buyers from Latin America and Europe (Spain, Germany, Italy, and France).

The international market breakdown is as follows: 15% of foreign buyers in Miami are Colombians, followed by Argentinians and Brazilians, Canadians, and Mexicans. The leading European country is France, with buyers seeking secure, waterfront residences.

Opportunities and outlook in Miami

As a sign of the attractiveness of this exceptional market, in the first half of 2024, Miami-Dade County recorded 192 residential transactions priced above USD 10 million, representing a 32% increase in volume compared with the first half of 2023 (source: Miami Herald). The real estate market slowed down at the end of 2024, notably due to weakened trade relations combined with a drop in previously high interest rates, creating unique opportunities for buyers and placing them in a strong negotiating position. For 2025, the Miami market still shows promising prospects, with strong growth potential supported by a constant influx of foreign investment and increased demand for luxury second homes.

What is the price per m² in Miami in 2025?

Miami offers competitive prices compared with major international cities, with values varying by neighborhood. Miami Beach, still at the top of the luxury market, shows an average of USD 11,000/m², while Coconut Grove and Key Biscayne, popular for their single-family homes, range between USD 12,000 and 13,000/m². Business districts such as Brickell and Downtown/Edgewater remain attractive for investors, with prices around USD 8,000/m².