Why Brickell

Brickell is Miami’s financial district and one of the most prestigious multifamily submarkets in the U.S. With its skyline of luxury residential towers, office buildings, and world-class amenities, Brickell attracts young professionals, executives, and international residents seeking a high-rise urban lifestyle.

The neighborhood’s concentration of luxury rental towers has made it a focal point for institutional multifamily investors. With steady demand from high-income renters and limited land availability, Brickell multifamily assets command premium rents and compressed cap rates.

Market Snapshot (Q2 2025)

• Rents: Luxury rentals average $3,800–$6,000+/month, with penthouses and premium units exceeding $10,000/month.

• Cap Rates: Compressed at 3.75–4.25%, reflecting core-market status.

• Vacancy: Consistently low; demand fueled by job growth in finance, tech, and professional services.

• Pipeline: Ongoing construction of luxury towers and mixed-use high-rises continues, though demand outpaces supply.

• Investment Angle: Brickell assets are seen as trophy properties, offering stable long-term appreciation.

Types of Multifamily in Brickell

• Luxury high-rises (200+ units): institutional-quality, Class-A towers.

• Mixed-use developments: retail + multifamily at Brickell City Centre and nearby projects.

• Condo-to-rental portfolios: investor-owned luxury condos leased individually.

• Mid-rise infill apartments: boutique projects catering to professionals.

Location Advantages

• Financial hub: banking, law, and corporate HQs = affluent tenant base.

• Walkability: dense mix of restaurants, shops, and entertainment.

• Transit: Metrorail, Metromover, and Brightline connections.

• Global profile: Brickell is an international investment magnet.

For Investors

• Access to stabilized Class-A towers + development sites.

• Advisory on cap rate compression, NOI growth, and lease comps.

• Guidance on bulk condo acquisitions and rental strategies.

• Insight into institutional-grade multifamily investment trends.

For Owners

• Market positioning for premium rent growth.

• Access to an investor base of institutional funds + private equity.

• Advisory on asset repositioning and amenity upgrades.

• Property valuations for sale, refinance, or recapitalization.

Key Corridors in Brickell

• Brickell Avenue: luxury rental towers, institutional assets.

• Brickell City Centre area: mixed-use luxury developments.

• South Miami Ave: boutique and mid-rise projects.

• Mary Brickell Village: lifestyle-driven residential + retail integration.

Listings & Tours

VIVA provides access to on-market and off-market multifamily opportunities in Brickell, from trophy towers to boutique infill projects.

• Search Multifamily Listings

• Ask for Off-Market Deals

FAQs

Q1: What are average apartment rents in Brickell?

A: Typically $3,800–$6,000/month, with penthouses exceeding $10,000/month.

Q2: What cap rates are typical in Brickell?

A: Core assets trade at 3.75–4.25%, among the lowest in Miami-Dade.

Q3: Who are typical renters in Brickell?

A: Young professionals, executives, international residents, and corporate relocations.

Q4: Why invest in Brickell multifamily?

A: Core-market stability, affluent tenant base, and trophy asset appeal.

Q5: How does Brickell compare to Edgewater?

A: Brickell is finance-driven and denser, while Edgewater offers waterfront lifestyle appeal.