Why Miami Is Becoming a Destination for Real Estate Investment in 2025

Byline: Wyles Daniel

The real estate market in Miami has become a popular space for investment in 2025, as steady demand from domestic and international buyers remains in place. For those seeking additional rental income, capital appreciation, or prime condo real estate, an investment in Miami real estate may be an avenue for success. Miami has a wide variety of real estate and many opportunities.

Why Location Isn't Everything in Miami Real Estate 

Of course, one of the most attractive elements of Miami's real estate market is the city itself and its location. There are many appealing locations across the United States and worldwide; for investors, there's just something more to Miami. 

Unsurprisingly, investors are drawn to the long-term value that the city promises. Miami has no state income tax as a city in Florida, and it also features impressive tech and finance sectors.

Condos for Sale in Miami Are in High Demand

Whether it's a tower on the waterfront or an urban high-rise, condos for sale in Miami have become a highly sought-after real estate asset. These properties tend to evoke a sense of prestige, security, and flexibility, which appeal to investors and vacationers alike. While the Miami real estate environment appears to point toward a seller's market more generally, condos are an entirely different story.

"Four to six months of housing inventory is considered a balanced market," Liisa Rajala and Liz Brumer-Smith wrote for US News, "and single-family inventory remains in that range while there are over 10 months supply of condos, [Eddie Blanco, chairman of the Miami Association of Realtors wrote in an email]… Within Miami Dade County, single-family homes remain a seller's market. Meanwhile, condos have moved into a buyer's market."

International Investment in Miami Real Estate

One prominent financial commentator suggested that an influx of South American investment could impact Miami's real estate market, potentially contributing to a price rise. While other Miami condo experts may interpret the market differently, it is ultimately up to the individual investor to determine whether the current condo market is worth investing in.

For Canadian investors, Miami real estate stands out for its warm climate, rental potential, and opportunities for cross-border property ownership. The city is understandably popular for rentals that double as vacation homes, enabling Canadian investors to enjoy the property during off-seasons and profit at other times. For this reason, the area is attracting Canadian real estate buyers.

Pink Miami as a Real Estate Market Leader

Pink Miami is a partner in Miami real estate, helping investors to cut through the noise and secure impactful properties. The firm has built significant connections with developers and maintains an active understanding of local laws, ensuring that any investor can get started in the real estate investment space. To date, the firm has helped numerous investors to achieve high annual occupancy rates for long-term success, and it aims to help many more.

FAQ

Q: Why invest in a Miami condo in 2025?

A: Miami condos promise high return on investment (ROI) from short-term rentals, and often expect strong appreciation in luxury spaces.

Q: Are there special visa or ownership rules for Canadians?

A: While Canadians are not required to have special visas to purchase property in Miami, investors must remain aware of US tax reporting regulations.

Q: Which Miami neighborhoods are popular for condo investment?

A: Brickell, Edgewater, South Beach, and Downtown have been consistent for investors as these areas continue to grow.

Q: Can condos be used for short-term rentals such as Airbnb?

A: Yes, but it is essential to consider that buildings and zoning laws may restrict this. One must research and consult with experts before purchasing a property as a short-term rental.

---

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

No Signs of a Summer Slowdown: Why Sellers Should Act Now

 By Louise Phillips Forbes

With 34 years of experience in residential real estate and nearly $6 billion in career sales, I can confidently say: the so-called “summer slump” is nowhere in sight. Buyer demand remains strong, inventory is moving, and motivated sellers are successfully closing deals. The momentum of the spring market has rolled right into summer—and that means opportunity! 

Serious buyers are still actively searching, but soon their attention will shift to summer getaways, sleepaway camps, and second homes. For sellers, my message is clear: If you’re considering listing, don’t wait. Focus on the fundamentals: Preparation, Presentation, and Pricing.

Preparation
With renovation costs continuing to climb, how you present your home can be even more important than how you price it. A well-prepared property portfolio creates emotional impact, cultivates trust, and minimizes buyer objections before they arise.

Presentation
When it comes to presentation, less is more. How we live in a home is very different from how we market it. Sellers should edit down personal items, reduce visual clutter, and rearrange furniture to highlight space, light, and versatility. Buyers need to envision themselves—and their future—the moment they step through the door.

Pricing
The market is no longer looking back. Buyers are evaluating value based on today’s active listings, not sales from months ago. Pricing must reflect what’s happening now. And if interest is slow? As I always advise my clients: “If you haven’t gotten any offers, it’s time to sharpen your pencil and meet the market.”

Representing both sellers and buyers at Brown Harris Stevens, I’ve already closed or put under contract nearly $50 million in prime New York City real estate this year. The opportunities are here, but they won’t last forever.

The summer market is real. The time to act is now.

Xoxo,
Weze

---

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Investing in Real Estate: New York or Toronto – Which City Wins?

When it comes to real estate investment, two cities often stand out: New York and Toronto. Both are economic powerhouses, cultural hubs, and global destinations. However, they offer vastly different landscapes for investors. Whether you’re eyeing a luxury condo in Manhattan or a chic townhouse in Toronto, it’s crucial to understand the nuances of each market. This article will explore the key factors that make these cities unique and how platforms like HomesEh can simplify your search in Toronto's competitive real estate market.

New York: The Pinnacle of Real Estate

New York City has long been a dream destination for investors. With its iconic skyline, robust economy, and unparalleled global appeal, the Big Apple offers extraordinary opportunities—but at a price.

Average Home Prices

• Manhattan: The heart of New York real estate, where the average home price in 2024 was approximately $1.8 million. Luxury properties can soar well past $10 million.

• Brooklyn: Known for its trendy neighborhoods, the average home price here is around $980,000.

• Queens and the Bronx: For more budget-conscious investors, homes average between $450,000 and $650,000 in these boroughs.

Rental Market

New York's rental market is equally competitive, with:

• Average rents for a one-bedroom apartment in Manhattan at $4,500 per month.

• Brooklyn offering slightly lower rents, averaging $3,800 per month.

Investment Insights

• Strengths: High rental demand, global prestige, and exceptional ROI potential in luxury markets.

• Challenges: High taxes, complex regulations, and steep competition make it essential to understand the market deeply before diving in.

Toronto: Canada’s Real Estate Gem

Toronto has rapidly become one of the most desirable real estate markets in North America. Known for its livability, growing economy, and multicultural vibe, it’s a hotspot for buyers looking for stability and growth.

Average Home Prices

• Downtown Toronto: The average home price in the city center is approximately $1.1 million, with condos being a favorite choice.

• Suburban Areas: Neighborhoods like Mississauga and Brampton offer homes priced between $850,000 and $950,000, making them attractive for families and investors alike.

Rental Market

Toronto’s rental prices are more affordable compared to New York:

• A one-bedroom apartment downtown rents for about $2,700 CAD (approximately $2,000 USD).

Investment Insights

• Strengths: Steady market growth, lower entry costs than New York, and strong demand fueled by Canada’s immigration policies.

• Challenges: Foreign buyers face additional taxes, and competition for properties is rising quickly.

Why Use HomesEh for Toronto Investments?

Navigating Toronto’s market can be challenging, but platforms like HomesEh streamline the process. This site provides detailed listings, up-to-date market insights, and tools tailored for investors, making it easier to find the right property in a city full of opportunities.

Key Comparisons: New York vs. Toronto

Market Stability

• New York: Resilient during downturns but prone to volatility in luxury segments.

• Toronto: Steady growth driven by a strong economy and increasing population.

Regulations and Taxes

• New York: High property taxes and strict rent control policies can impact returns.

• Toronto: Lower property taxes overall, but foreign buyers must contend with additional levies.

Rental Yields

• New York: Typically higher rental yields, especially in high-demand areas.

• Toronto: Moderate rental yields but balanced by lower initial investment costs.

Who Wins? New York or Toronto?

The winner depends on your investment strategy and goals:

• Choose New York if you’re looking for high rental yields, short-term profitability, and the prestige of owning property in one of the world’s most iconic cities.

• Choose Toronto if you value stability, lower entry costs, and a growing market with long-term potential.

Both cities are top-tier options for real estate investors, offering unique advantages that cater to different priorities.

Final Decision: Where Will You Invest?

Whether you’re drawn to New York’s high-energy market or Toronto’s steady growth, both cities represent excellent opportunities for savvy investors. With the help of tools like HomesEh in Toronto, you can navigate the complexities of the market and find properties that align with your goals.

Now it’s up to you: will you bet on the global allure of New York or the steady promise of Toronto?

---

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

The New Face of Luxury Real Estate for 2025: How Shifting Buyer Preferences Are Creating New Opportunities

By Bianca D’Alessio 

Nest Seekers International | The Masters Division | Founder

Nest Seekers Development Marketing | Managing Director

As we close the book on 2024 and approach 2025, evolving buyer preferences are reshaping luxury real estate in the most dynamic market across the country—New York, Boston, and Miami. These vibrant cities are witnessing a surge in demand for properties that goes above and beyond the standard notion of luxury. Today’s buyers are more discerning than ever, seeking properties that transcend aesthetics and design, and are defined by personalized experiences, as well as a commitment to smarter and more sustainable living. 

->Driven By Experience 

Standout architecture and premium finishes are no longer enough to impress buyers and renters in today’s market —it’s about the experience a property delivers. Over the past year, we’ve seen a major shift toward amenity and service-driven properties that align with the modern lifestyle, especially when it comes to leisure and well-being. These buyers work hard and play hard, and are increasingly willing to trade in square footage for more enhanced living experiences. They are gravitating toward features like thoughtfully-curated fitness and spa facilities, Olympic-sized pools, and professional-grade pickleball and basketball courts. Exclusive dining lounges as well as outdoor spaces have also emerged as essential value-adds.

Developers are responding to these demands by not only integrating experience-focused features into new developments but also activating them in novel ways through strategic partnerships, access and programming. In cities like Miami, Boston and New York, this trend is only increasing as we work closely with developers to establish elevated experiences that fulfills the needs of the more affluent and aspirational buyers.

->Eco-Conscious Living 

Today’s buyers are not just looking for an impressive property but a forward-thinking one. The luxury sector is seeing a surge in demand for sustainable buildings, with developers in all three cities incorporating eco-friendly designs. From energy-efficient appliances to LEED-certified construction and eco-conscious materials, these sustainability measures appeal to buyers willing to pay a premium for properties that align with their values.

Boston, in particular, is seeing a rise in demand for green buildings. Properties incorporating energy-efficient systems, green roofs, and sustainable materials appeal to buyers who prioritize the environment without compromising on style or luxury. In Miami, developers are considering resilient, climate-responsive designs, with hurricane-proof structures and elevated foundations becoming more prevalent in high-end markets. This is also a priority for a new generation of younger buyers who strongly emphasize sustainability into their entire lifestyle.

One of our best-selling development projects in the past year was 110 North 1st in Williamsburg, Brooklyn. Entering the market as a mid-sized condominium building offering a curated package of spa-inspired amenities and services, the building outperformed all of the other competing projects in the neighborhood.

->Looking Ahead 

As 2025 approaches, the luxury markets in New York, Boston, and Miami and beyond will continue this exciting evolution to align with the values of today’s buyers. Sustainability, experiential features, cutting-edge technology, and personalized services will take center stage in a way we have never seen before. There will be an even stronger focus on enhanced smart home and security systems and hospitality-inspired offerings such as wellness programs, curated events, dining, and concierge services.

Stay connected! Follow Bianca D’Alessio on Instagram for more insights: www.instagram.com/biancadalessio

---

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Padel Meets Luxury: Sotheby’s x Pro Padel League Reception at 111 W 57th Street

As the Pro Padel League (PPL) debuts “The City’s Cup” in New York City, an exclusive reception at the iconic 111 West 57th Street on November 22nd promises to fuse sportsmanship, luxury, and architectural splendor. This elite gathering celebrates the intersection of competitive sport and high-end real estate in the heart of Billionaire’s Row—a stretch of Manhattan synonymous with prestige, opulence, and perhaps even royal connections (King Charles is rumored to be among its admirers).

P​h​oto Credit: Interior Marketing Group

A Masterpiece in Modern Living

The event unfolds in Penthouse 76, a duplex residence perched atop the slender and stunning Steinway Tower, designed by SHoP Architects. As one of the tallest residential buildings in the Western Hemisphere, this architectural marvel redefines the city skyline. Offering over 7,000 square feet of ultra-luxury living space, Penthouse 76 features soaring ceilings, floor-to-ceiling windows, and panoramic views of Central Park and beyond. This exclusive venue sets the perfect stage for a reception filled with luxury, sport, and sophistication.

P​h​oto Credit: Interior Marketing Group

Meanwhile, the newly unveiled Residence 58 offers a closer look at the building’s ethos of unparalleled elegance. This 4,183-square-foot full-floor masterpiece, designed by the acclaimed Interior Marketing Group (IMG), opens directly into a formal entry gallery that flows into a sprawling Great Room. The space is framed by 14-foot ceilings and floor-to-ceiling windows, perfectly highlighting the verdant views of Central Park. IMG’s staging elevates the interiors with a palette of creams, greens, and muted metallics, along with rich textures and art pieces from their in-house collaborative, Art Loft. The result is a serene, nature-inspired retreat—a grounded counterbalance to the energy of the city.

Sport and Sophistication

111 W 57th Street stands out not only for its stunning residences but also for its unique indoor padel court, a rarity in Manhattan. The court’s presence aligns seamlessly with the Pro Padel League’s mission to elevate padel, one of the fastest-growing sports globally, into a luxury lifestyle staple in North America.

Guests at the reception will mingle with world-class padel stars such as Augustin Tapia and Gemma Triay while enjoying a curated menu of drinks and bites from Sotheby’s in the luxurious Penthouse 76. The event also highlights the City’s Cup, a fierce championship where the PPL’s top eight teams will battle for a $100,000 grand prize. Matches at Brooklyn’s Duggal Greenhouse, running from November 19-23, offer premium experiences, including a Fan Village, VIP Lounge, and food from Eataly.

Staging Dreams and Setting Records

At the heart of 111 W 57th’s success is Cheryl Eisen, celebrity designer and CEO of Interior Marketing Group, whose staging has attracted buyers like Jeff Bezos. Eisen describes her approach as “designing a connection with the perfect buyer.” For Residence 58, Eisen crafted a space that transcends traditional staging—it's a story, an experience, and a gateway to unparalleled luxury. With its layered fabrics, bespoke art, and indoor greenery, the residence blends modern sophistication with timeless warmth, making it feel like home for the world’s most discerning buyers.

P​h​oto Credit: Interior Marketing Group

From its architectural feats to its bespoke amenities, 111 West 57th Street represents the pinnacle of Manhattan luxury—a fitting partner for the PPL’s celebration of athletic excellence and cultural prestige. Whether for padel, penthouses, or a taste of life at the top, this event is where sport and sophistication converge.

---

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Michelin-Starred Chef Shaun Hergatt Brings His Culinary Expertise to The Perigon Miami Beach

Annabella Pardo

The Perigon, Miami Beach’s premier destination for oceanfront living, announces today a new partnership with celebrated Michelin-starred chef, Shaun Hergatt, curating the food and beverage concept at the property including the private restaurant and speakeasy.

Photo via The Boundary and @theperigonmiamibeach

Chef Shaun Hergatt, the executive chef and owner behind some of New York’s most famed Michelin-starred restaurants both public and private, including Vestry in Soho and 432 Park Avenue respectively, is renowned for his technically precise cooking and painterly presentations. Nota at The Perigon will be Hergatt’s first-ever Mediterranean concept, while FiftyThree, a speakeasy cocktail lounge, will have a bold, playful style.

Photo via The Boundary and @theperigonmiamibeach

“We are designing more than a condominium at The Perigon, it is a private, highly serviced five- star resort exclusively for the owners,” said Camilo Miguel, Jr., CEO of Mast Capital. “The Perigon is offering Miami Beach’s first-ever resident-only Michelin-starred chef dining concept, where residents can enjoy their privacy or mix and mingle with their neighbors. Additionally, our partnership with such a notable chef as Shaun Hergatt further solidifies the commitment to the quality of luxury, The Perigon will offer to its residents.”

Photo via The Boundary and @theperigonmiamibeach

Taking advantage of the oceanfront location and abundance of rich, local ingredients, Nota at The Perigon is centered around a clean, crisp palate. With seafood anchoring the Mediterranean- inspired menu, Chef Hergatt plans to use woodfire grilling techniques to create dishes that are elevated yet approachable, with health and wellness at the forefront.

Photo via The Boundary and @theperigonmiamibeach

“Food brings people together and through this partnership with Mast Capital, I’m thrilled and honored to further elevate the experience for the residents at The Perigon,” said Chef Shaun Hergatt. “Paying homage to the regional flavors and ingredients, our rotating seasonal menus will offer an elevated yet approachable cuisine, exclusive to residents and their guests.”

Photo via The Boundary and @theperigonmiamibeach

The interiors of Nota were designed by Tara Bernerd to blend into the larger residential concept at The Perigon. The design will incorporate rich materials from intricate stones to linens. The furniture will integrate a unique combination of organic materials with subtle hues that cohesively blend to the environment of coastal living on the sands of Miami Beach. The oceanfront restaurant will accommodate up to 70 guests, with service extending to the pool deck.

The speakeasy, FiftyThree, will experiment with bold colors and patterns, embracing a whiskey- themed palate. Darker browns and greens will set a more intimate mood, featuring bronze fixtures and accents creating the perfect nighttime setting. The cocktails will also embody the more playful aesthetic, while focusing on fresh ingredients and creative curations.

Photo via The Boundary and @theperigonmiamibeach

The Perigon’s food and beverage concept represents Chef Hergatt’s triumphant return to South Florida. Chef Hergatt first debuted in Miami in 2005 when he was the executive chef at The Setai Miami Beach. Hailing from Australia but having worked at restaurants around the world garnering international accolades for culinary craftsmanship, Chef Hergatt is known for two of his Michelin- star restaurants, Juni and Vestry, and previously SHO Shaun Hergatt, which garnered acclaim for its geographically inspired dishes. Today, one of Chef Hergatt’s many restaurants is the Caviar Bar in Las Vegas. Many of his most famed dishes are inspired by his travels and surroundings, an approach he will bring to The Perigon.

Completing the culinary experience at The Perigon will be several additional private amenity spaces for dining and lounging. An indoor-outdoor conservatory doubling as a breakfast lounge and terrace will host residents for their early morning coffee. Here, a barista will be available upon request to serve hot or iced coffee to a resident’s liking. Residents can also request meals be delivered directly to their private residence or to their poolside cabana.

Photo via The Boundary and @theperigonmiamibeach

Further elevating the experience at The Perigon is a new private concierge partnership with BHB Private Concierge, a premium provider servicing private properties and clients. In addition to offering residents seamless experiences tailored to their individual wants and needs, the concierge at The Perigon will further enhance the programming throughout the amenity suites.

To begin living The Perigon lifestyle before stepping foot inside, residents will have access to select services provided by BHB Private Concierge shortly after contract signing.

Located at 5333 Collins Avenue along the tranquil 200-foot stretch of sand between Indian Creek and the Atlantic Ocean, The Perigon comprises 73 two- to four-bedroom condominiums ranging from 2,100 to 6,700 square feet, with eight private guest suites offered to residents only. With an overall 20,000 square feet of amenities that provide both exclusivity and an idyllic setting for connection and socializing, the building is elevating a palatial lifestyle evocative of a five-star hotel. Pricing starts at $4.15 million with completion slated for 2025.

Sales and marketing are exclusively handled by Douglas Elliman Development Marketing. For more information on The Perigon or to schedule a private preview, please visit www.theperigonmiamibeach.com, call 305.390.5333, or email info@theperigonmiamibeach.com.

Have a listing you think should be featured contact us or submit here to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.