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  • New tapas spot in SoBe - Rent increases by 30% - TikTok looking for Miami office space + more news

New tapas spot in SoBe - Rent increases by 30% - TikTok looking for Miami office space + more news

Happy Friday!

When was the last time you've visited Española Way? The team behind downtown bar Lost Boy opened up a Spanish tapas spot and the cocktails are pretty amazing.

Israel developer Gazit Horizons is requesting approval to increase the size of a proposed apartment building across from Brickell City Center after seeing 30% rent increases in the area. Rent has rapidly increased due to low inventory and a large demand for people wanting to live in Brickell.

TikTok parent company ByteDance is actively looking for office space in Miami. Another company looking to relocate their operations to Miami.

A grand jury has advised Miami-Dade County to adopt stricter building regulations to prevent tragedies like the collapse of Champlain Towers from happening again.

Future predictions 🔮 While strong homebuyer demand and inventory shortages will continue into 2022, experts are saying the U.S. Housing market is likely to 'Normalize' in 2022.

Real Estate Updates

A Florida grand jury issued a lengthy list of recommendations Wednesday aimed at preventing another condominium collapse

Economists predict slower price appreciation, easing inflation, and rising interest rates

In case you missed it...

The new Andalusian-style restaurant inside Esmé Miami Beach serves Spanish tapas, sherry and lots of gin cocktails.

Ring in 2022 at the city's top nightclubs, hottest restaurants and more of the best Miami New Year's Eve celebrations.

This is why you work with a local lender

Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar Wednesday abruptly informing the more than 900 employees on the call they were being terminated just before the holidays.

Learn your home's updated value and how much equity you are sitting on for free.

Don't forget to head over to my Instagram for the 12 Days of Miami! I'm featuring a local small business every day.

Have a great weekend!

Joe