Parcel AI

What if you could predict the future of your development project? ?? Parcel AI uses zoning data, building scenarios, and sales comparables to maximize your ROI.?? https://buff.ly/3CKD6IU

Ready to take your real estate projects to the next level? ?? Book a demo with our team today and discover the power of Parcel AI. ?

Tired of guessing game estimates? ? Parcel AI leverages advanced zoning data to provide accurate building scenario analysis ?? #realestate https://buff.ly/3CKD6IU

A new project has been announced in Miami, and Parcel AI has done the feasibility analysis helping to understand what can be built on a given site. The findings from Parcel AI provide valuable insights that will guide the project's development. #parcelai #zoning #feasibility #analysis

The same building, shown in blue, has been visible in Brickell, Miami over the last 50 years. The development pace is pretty impressive—similar to the famous comparison images from Dubai. #miami #realestate #brickell #development

??? Live Local Act in Action: 28-Story, 454-Unit Tower Proposed in Little River Infinity Collective and MVW Partners are bringing the Live Local Act to life with a transformative residential project in Miami’s Little River. Normally, the 2.17-acre site would be limited to just 325 units across 8 stories under local zoning. However, thanks to the Live Local Act, they’re proposing a 28-story tower with 454 units, 40% of which will be workforce housing. Key Details: Location: 8038 NE 2nd Ave (former AT&T site) Developer: Infinity Collective & MVW Partners Architect: Arquitectonica Features: 19,900 sq. ft. of retail space, coworking, amenity deck with pool, gym, and more Units: Workforce housing from 410-667 sq. ft.; market-rate units up to 1,162 sq. ft. David Berg of Infinity Collective emphasized the impact of the legislation, allowing increased height and density to address Miami’s pressing need for affordable housing while enhancing local commercial activity. This project showcases how the Live Local Act is enabling sustainable urban growth beyond traditional zoning limits. ?? #RealEstate #LiveLocalAct #MiamiDevelopment #WorkforceHousing

?? Here are our top findings on commercial land real estate in Miami. Some results will surprise you. - The min asking price is just $50k and the max price is a whopping $30mln (listed by RESF). The average asking price for the current listings is $4.4mln, while the median is $2mln. - The most expensive ZIP code is 33130 (includes Little Havana, Downtown and Brickell, with an average of $8.5mln asking price. The average household income has doubled in the last 20 years for this ZIP code. The most dominant commercial brokers here are: RESF, PG Capital Realty and Colliers. - The lowest priced ZIP code is 33150 (includes Miami Shores, West Little River, Pinewood, El Portal ) with an average asking price of $1mln. The average household income has increased only by 50% in the last 20 years. - The ZIP with most active listings (28) is: 33127 (includes: Wynwood, Little Haiti, Model City) the most dominant commercial brokers here are: Metro1, Remax & DWNTWN. What insight surprises you the most? #brokers #land #realestate #miami

?? The war Between Airbnb & NYC: is this the end? ? In September '23 Airbnb got banned from NYC. Airbnb, the $100bln rental platform from Silicon Valley isn't ready to give up yet. ?? The city argues that Airbnb listings are driving up rental prices. They claim that between 2009 and 2016, approximately 9.2 percent ?? of the citywide increase in rental rates can be attributed to Airbnb.?They estimate that Airbnb cost NYC renters an extra $616 million in 2016 alone. ?? While the rental market in NYC has been benefiting from nearly 12,000 new units completed in the past year, the Airbnb ban has not contributed to an influx of additional rental inventory in recent months.?NYC vacancy index, reported that the share of rental units available for rent in December remained at 3.2%––unchanged from September. ?? Airbnb fights back by keeping track of the NYC markets and are pushing research online in a PR battle. They should, since NYC accounted for 2% of their total revenue (and that is now gone). Airbnb claims that there is a surge in unregulated underground short-term rentals in NYC. ?? Guess who took that revenue? Hotels saw a surge in demand and profitability to end the year, including a jump in average daily rates of 10 percent year over year, according to Costar (compared to a 3 percent increase nationwide). The battle has been won by NYC, but the war ain't over. Stay tuned for more!

?? We've highlighted the most important insights into the Commercial Real Estate Market in Miami Metro. ?? Demand for the multifamily space is stronger than nationwide averages. Rent prices also rose faster and the vacancy rate was lower than average in Q4. Multifamily Homes vacancy rate went up from 4.8% to 5.4%. Market cap rate also increased from 4.7% to 5.2%. Rent growth went down from 7% to 1.2% ?? Demand for retail space in Miami Metro is higher than nationwide. Rent therefore increased and the vacancy rate was lower (same pattern as for multifamily space) Inventory Square Feet for retail space was stable YoY.?Sales volume dropped from $627 mln to $204 mln. But price per square foot increased from $439 to $467. Market cap rate and vacancy rates remained stable YoY. ?? Demand for industrial area is weaker in Miami metro compared to nationwide. However, rent prices rose faster than average and the vacancy rate is lower. Vacancy rate for industrial went up from 2% to 3.1%, which is a 50% increase Market cap rate went up from 5.4% to 5.7%. Sales volume dropped from 1.6bln to 0.6bln (decrease of 62% ?? ). Any insight that surprised you? Let us know in the comments! #miami #realestate #metro #commercialrealestate

Is commercial real estate in Miami Metro cooling down? ?? According to National Association of Realtors Net Migration for Miami Metro was 372k in 2023, while it was 439k in 2022 (decrease of 15%). International migration was 178k in 2023, while it was 121k in 2022 (increase of 47%) Miami Metro area is still hot. International migration is steeply increasing! ?? Job growth was 3%, while the rest of the US was 1.7%. Unemployment rate was 2.4%, while the rest of the US was 3.7%. Job growth is above average, and unemployment rate is below average. This indicates a strong job market in Miami Metro. ?? Office Vacancy rate for office space dropped from 8.8% (22Q4) to 8.6% (23Q4). Office Market cap rate increased from 6.5% (22Q4) to 6.9% (23Q4) This indicates improvements in the office rental segment (FINALLY). Stay tuned for more insights on real estate in Miami ??