The Rise of the Pied-à-Terre in Miami: A New Real Estate Trend Takes Root
As Miami continues to solidify its position as a global hub for business, leisure, and culture, a new real estate trend is emerging: the rise of the pied-à-terre. Literally translating to “foot on the ground,” these smaller but exceptionally designed, functional living spaces are becoming highly sought after. Catering to hybrid workers, frequent travelers, and those drawn to Miami’s vibrant lifestyle part-time, the pied-à-terre trend reflects shifting consumer priorities in a dynamic real estate market.
Moreover, the influx of new developments allowing short-term rentals—a product type often feared in other U.S. cities—has further propelled this demand. Buyers are now able to capitalize on their investment while enjoying a home away from home in one of the world’s most desirable vacation destinations.
Why Now?
Several factors are fueling the rise of pied-à-terre living in Miami, including travel trends, workplace shifts, and the city’s luxury appeal.
Travel Trends
Recent data underscores Miami’s increasing allure as a destination for both domestic and international travelers. In the first quarter of 2024, Miami International Airport recorded an 11.6% increase in passenger traffic compared to the same period in 2023, with international travelers accounting for a 12% uptick. The rebound in global tourism and record-high domestic travel makes Miami a prime location for those seeking a convenient base for frequent visits.
Short-Term Rentals
The short-term rental market in Miami is booming, offering buyers the opportunity to own a second home that also functions as an income-generating asset. Unlike many other U.S. cities, Miami embraces this product type, allowing investors to maximize their property’s potential while enjoying its perks for personal use.
Workplace Shifts
The normalization of hybrid and remote work models has created a demand for flexible housing solutions. Many professionals now require a comfortable base for extended work trips, and pied-à-terre properties offer a more personal, cost-effective, and convenient alternative to long-term hotel stays.
Luxury Appeal
Miami’s expanding dining, cultural, and nightlife scenes continue to attract affluent buyers. For those who seek to immerse themselves in the city’s vibrant lifestyle without committing to a primary residence, a pied-à-terre provides the perfect solution.
Developments Shaping the Trend
A handful of standout Miami developments are leading the way in catering to pied-à-terre buyers, offering unique advantages that blend convenience, luxury, and investment potential.
Nexo Residences: Located in North Miami Beach, this project by Fortune International Group and Blue Road Group combines flexible short-term rental options with upscale amenities. Units are fully furnished and designed for turnkey living, making them ideal for frequent travelers and investors alike.
ELLE Residences Miami: Inspired by the elegance of the French Riviera, this development by Vertical Developments and UNCG is situated in Edgewater. ELLE offers a boutique living experience with pre-furnished condos that cater to those seeking luxury and convenience in the heart of Miami.
Surf Row Residences: Developed by LD&D, this boutique collection of ultra-luxury condos is located in Miami Beach’s Surfside neighborhood. Offering expansive floor plans and proximity to the ocean, Surf Row combines the privacy of single-family living with the convenience of a pied-à-terre, making it an ideal choice for discerning buyers seeking a second home in an exclusive coastal setting.
A Lasting Trend?
The rise of the pied-à-terre is more than just a passing trend. It reflects broader lifestyle shifts, with Miami’s evolving appeal as a global destination playing a central role. For buyers seeking flexibility, investment potential, and a slice of the city’s dynamic energy, these compact yet luxurious properties represent the future of modern living. As the city continues to grow, the pied-à-terre may become an essential component of Miami’s ever-diverse real estate landscape.
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.
