Situated in the southernmost part of the Downtown Miami area, Brickell is the financial center and banking hub of South Florida and Latin America as a whole. The neighborhood is home to nearly 35,000 people, making it the largest neighborhood in the downtown area of Miami. If you love the high life and have expensive taste, as well as love being right in the action at all times of the day, renting in Brickell might just be for you.
The streets in this neighborhood are lined with financial institutions, law firms, expensive stores and restaurants, fancy nightclubs, and high rise apartment buildings. To put it simply, this neighborhood shows off the best Miami has to offer. This neighborhood personifies the term “work hard, play hard”, as the days are full of business and the nights are full of parties.
With this in mind, this neighborhood is better suited for those who like around the clock action and young professionals looking to make it big in the “Manhattan of the South”. Not only is this neighborhood the financial hub for South Florida, it is among the biggest financial districts in the entire country. It’s safe to say this is a mixed upper-class residential neighborhood.
However, in addition to the work hard, play hard atmosphere you feel in this neighborhood, it can also be a fairly laid back place at times. The neighborhood has extremely easy access to the water and has a number of great walking paths. Brickell is also home to many delicious restaurants and great cultural institutions to check out art, so there is something here for everyone.
While Brickell was first developed and colonized by the original pioneers in Miami, the neighborhood has gone through many different changes over the years. In the early 1900s, the neighborhood was dubbed “Millionaire’s Row” as many of the wealthiest people in South Florida called Brickell home.
Then, in the 1970s, the neighborhood saw an influx of Latin immigration from countries such as Colombia, Cuba, Argentina, Venezuela and others. This led to many more condo and apartment buildings being built to house these new immigrants. Then, over the next few decades, the neighborhood became the financial hub of the area, a distinction it still holds to this day.
As you might expect from the upscale nature and reputation of this neighborhood, living here does not come cheap. Cost of living itself isn’t too pricey (other than spending a lot at the upscale restaurants in the area), but the rent certainly can be. The median rent for a one bedroom apartment in this neighborhood is about $2100 a month and you are mainly looking at living in high rise condos or apartments in this neighborhood.
Being that this area is busy around the clock and lacks good parking infrastructure, driving is normally not recommended at all in this neighborhood. Any other mode of transportation will be faster and less hectic. Like in many of the downtown neighborhoods in Miami, the preferred method of getting around is public transportation. Whether you prefer to take the Miami Metrorail, the Metrobus, or the Metromover, there are stations located all over Brickell and they can take you anywhere you want to go in Miami. Taxis and Uber are also a viable option if you prefer riding solo to riding with others.
However, on those days that you feel like enjoying the great outdoors, walking or biking around the neighborhood is a suitable alternative. In fact, the city of Miami has begun to promote bike parking and have created more bike lanes, which makes riding a bike in Miami an increasingly popular way of getting around.
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Brickell is located within Miami-Dade County, Florida. This area currently has 2,664,418 residents in 853,624 households. Out of the total population, 52.52% of the residents speak another language at home instead of English. The majority of the inhabitants in this county are currently unmarried and have a median age of 39.
When looking at residents older than 25, around 28.36% have graduated from high school, 17.41% have a bachelor's degree, and 9.87% have obtained their master's degree or above. Employment rate is typically around 56.7% and the median income in this county is $44,224.
At least 47.38% of those living in this county are renting their homes. Most residents will commute to work by car with an average commute time of 31 minutes.
Geographically, Miami-Dade County, Florida is a part of the Miami, FL Urban Area. This county is currently home to 5,859,349 residents, or 2,045,951 households with a median income of $50,097. Residents in the Miami, FL Urban Area have a median age of 41 and 39.91% are currently renting their homes in the area.