93% of All Newly Completed Condos in Downtown Miami Now Occupied

March 15, 2012

Downtown Miami boundaries

The Miami Downtown Development Authority recently released a study showing that of the 22,785 newly completed units in Downtown Miami, 93% of them were occupied as of December 2011.  That number is up 7 percentage points from December 2010 in which 86% of the units were occupied.  The study focused on those units completed after 2003 located within the Downtown Development Authority District and adjacent areas of influence as shown in the above map. A total of 77 newly completed condominium developments, as defined by the study, are located within these boundaries.

I read through the entire study and wanted to share a few highlights that I found to be rather enlightening:

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