Sunny Isles Rental Market

Sunny Isles Rent

It comes as no surprise that COVID-19 has changed the world we live in. Exactly a year ago the real estate market in Miami was staggered to say the least with inventory adding up to about 6 years. Today, everything has changed and there are hardly any rentals available in Sunny Isles Beach. In fact, the average price of rent for an apartment in Sunny Isles Beach has gone up a massive 12.6 percent year over year. This is the most substantial annual increase to be seen in Florida annual rental growth.

Because of this tremendous growth rate, those who are interested in renting an apartment in Sunny Isles Beach can expect to pay an average of $800 a month more than a year ago according to MLS report. As a result today there are less than 500 properties in total available for rent in Sunny Isles Beach, compared to about 1500 properties from a year ago.

Cause of the Growth:

The jump in rent prices is not out of nowhere, however. Sunny Isles Beach has long been a super popular destination for end-users, visitors, snow-birds as well as investors. Sunny Isles Beach is a very well-organized community that is dedicated to those that are living in the area. With the majority of those living in the area holding a degree, the area continues to be a favorite for those of all ages. This super-luxury area offers multi-million brand name oceanfront condominiums with every imaginable amenity. The condos such as Acqualina, Armani, Porsche, Turnberry and Trump all located directly on the beach and offer private beach, restaurants, full service and much more.

Right across Collins Ave is the stretch of multiple shopping centers which offer everything from the ethnic foods, supermarkets, brand name shops, restaurants and some night life. However, as opposed to South Beach for example, Sunny Isles Beach is strictly residential area with no “club crowed” wondering the streets late at night.

In the past Sunny Isles Beach attracted sophisticated buyers mainly from around the worlds. This includes South America, Canada, Russia, Europe. Today however, there is a massive migration from the US. Florida had always been a very popular destination for the East Cost. New Yorkers notoriously came to Florida during the winter months. However, today this trend is quickly changing where everyone wants to own a residence in Florida. As a result, there are many families who migrated from the West Cost, Mid-West as well as North-Mid-West.

It is of no surprise that Miami offers much more than any other state at this time. New York has been locked down for many months now. So is California. However, Miami is booming with restaurants that are filled with people and there is a waiting list. Night clubs are busy like never before. The beaches are full with the perfect Florida weather. Also, the boat lovers are exploring the oceans, rivers and local canals, enjoying the Atlantic warm waters and white sands. Everything is open and kicking in Miami!

gone under a serious makeover as of late. The beaches, the ultra-modern condominiums, the shopping centers all became areas, and downtown of the city have been transformed from another Florida city into an international destination. Both mid-rise and high-rise residential development has taken off, which has led to a whole new influx of residents.

Major Constructions & Renovations

The Related Group just finished one of the most stunning construction of an Armani building. Located directly on the ocean it boasts 55 stories high and adding to an already stunning Sunny Isles Beach skyline. Other massive projects in Sunny Isles Beach include two Estates at Acqualina buildings, Aurora building and Chateau. The average rent price for luxury condominiums in Sunny Isles Beach is now approximately $7,500 a month.

Many other well-known developers have followed suit, developing and redeveloping properties found on the prime beachfront land of Sunny Isles Beach. Fortune International, The Related Gourp, Dezer Group and The Chateau Group are just some of the giants building in Sunny Isles Beach, Florida.

Commercial Growth

It is not just rent that is thriving in Sunny Isles Beach, however. Dozens of major retailers are interested in Collins Ave as a space to provide their services and products. The office market is also rising in Sunny Isles Beach with higher rental rates and more new construction coming year after year.

Growth in Other Cities

Sunny Isles Beach is not the only Florida city experiencing rent hikes over the last year. In Hialeah, rent has climbed 4 percent to $1,263 a month; in Pompano Beach rents are up 6.7 percent at $1,334, Fort Lauderdale rents are up almost 8 percent and in West Palm Beach averages are at $1,340 or up 5.5 percent.

When considering the country as a whole, the cities that reported the highest rents for November include Boston at $3,262, San Francisco at $3,432, and Manhattan at $4,089. As for the most exceptional rate in average rent across the United States, Odessa rose an impressive 33.2 percent to $1,111, and Midland increased over 25 percent to $1,274.

While most of the attention is on buyers from New York and Connecticut, buying and investing in property to help shelter their money and to make the best of the new tax situation in their own state, other changes could be coming, as well. In fact, the favorable Florida tax benefits also play major role for companies looking to relocate to Florida. As a result, there have been already an additional 24,700 jobs created in Florida in the financial sector over the course of the last year. During that same timeframe, Connecticut lost more than 1950 jobs.

The advantageous tax situation in Florida is not only helpful for hedge fund managers, of course. Anyone who is looking to buy property, whether it is purely for investment or for a new home will find that the tax situation in Florida can work out in their favor.

It’s expected that by the year 2021, the Miami-Dade area will have a very limited inventory to sell or to rent.

Why Trump Royale Sunny Isles Is The Best Building To Buy And Rent

Trump Royale Sunny Isles Beach

Trump Royale Sunny Isles is one of the most popular luxurious condominium complex in Miami Beach. It is located directly on the beach in Sunny Isles Beach, one of the most sought after area in South Florida. The Trump Royale Tower in Sunny Isles was constructed in the year 2008. It offers 278 units and is rising up 55 floors. There are nine different floor plans in Trump Royale Sunny Isles, varying from 880 to 6,430 square feet. There are also different numbers of rooms available along with bigger and better penthouses. So, depending on your requirements, you can choose a unit that fits virtually any size family into your own mansion in the skies.

Trump Royale was constructed from steel and glass so it looks elegant and elite. This condominium is very desirable and holds very good value in the real estate market. It offers highly luxurious units and amazing amenities for those who would like to purchase or rent condominiums. This place offers a greater return. But there are multiple reasons why you should choose this tower to purchase your own home.

Amenities Offered in the Trump Royale Sunny Isles

The Trump Royale Sunny Isles offers great amenities to its residents. The owners can enjoy all the amenities year round or they can rent out their condos for 6 months at a time.Following are some of the top amenities offered by the Trump Royale Sunny isles Condos:

Large Lobby Entrance

The Lobby Entrance is quite large, which is a two-story building. The Lobby Entrance offers a great many benefits to the residents and guests. A large lobby entrance has great receiving and seeing-off places. There are also several rooms in which people can have their private communication before parting. A large lobby entrance never gets too crowded. So, there is never a stifling environment in the lobbies. The large lobby is one of the main attractions, which satisfy clients at the first sight.

Tropical Landscaping

The tropical and stylish design of the lobby entrance area brings out beautiful nature and enriches the lives of all people. The tropical landscaping makes the trump towers in Sunny Isles look more welcoming, elegant, and warm. The natural and splendid tropical landscaping creates a Savannah near the beach. So, it becomes too tempting for the residents to say no to living in Trump towers. They have to concur on purchasing the apartment once they have entered the building.

Access to 1000 Feet of Beach Front

The Trump Royal of Sunny Isles offers increadible beach, which stretches for miles and miles. At the beach, kids and families can enjoy great private time. The proximity of units to the beach water is one of the main reasons why people get interested in the Trump Royale Sunny Isles tower. Florida is famous for its beaches, and we offer a luxuriously built trump tower, which securely gives access to a large and beautiful beach. The sand and the crashing waves are all yours when you purchase the unit or units in Trump Royale Sunny Isles.

Outdoor Private Reception Areas

You can also utilize the private outdoor reception areas so that residents can enjoy hosting a party. Outdoor reception areas can be used for a variety of purposes. Residents can host or hold educational seminars, informative sessions for any lectures or classes or other types of functions. They do not have to travel to any other place for hosting a seminar or a party. The towers offer elegantly and magnanimously built reception areas for different events.

Center of Water Activities

In the Trump Royale Sunny isles, you can also find a large center of water activities. The management of Trump Royale Towers ensures that residents enjoy different water games so to relax and loosen a bit. There are controlled lap pools, breach-grade or sloped entry,and waterfalls. In the water activity areas, residents can enjoy drinks from the bar and enjoy the food of the grills area.

Larger Dryers and Capacity Washers

Your maids or house help can easily get done with washing clothes in Trump Towers. Management has installed larger and better capacity washers and dryers. So, residents can easily wash clothes as well as dry them without washing them a great amount of time.

Duplex Spa in the Tower

Residents can also benefit from the duplex spa, which is 8000 square meters long. The length and width of the spa create a soothing and peaceful environment inside the spa. Every individual can relax and spend quality time, getting spa treatments. Residents do not have to travel to far places to avail themselves of spa services. Just go a few stairs down, and find the duplex spa.

Private Elevators

Residents also get access to their units by using private elevators. The elevators are high speed, which works most efficiently. The design of the elevators is also royale and elegant.

Hurricane-proof Windows

The windows of the Trump Royale Sunny Isles towers are hurricane-proof. This means that no hurricane can cause any damage to the tower.

HVAC System

Every apartment has its HVAC system. The residents control the HVAC system with great convenience. The HVAC system has personal climate control.

Full-Service Car Wash and Valet Services

The Trump Royale Sunny Isles also offers great valet services. So, owners of apartments do not have to wander their cars in the city to get their cars washed or polished. Just make a phone call to the staff members, and they will have your car washed in no time.

Last but not the least, Trump Royale Sunny Isles also offer amazing residential features. It has glass windows, large terraces, customized kitchen cabinets, spacious dining areas, smart stainless steel kitchen ovens, stylish countertops, an amazingly decorated bathroom, and more.

All in all, Trump Royale Sunny Isles offer all kinds of features of an elegant and excellent residential apartment. The amenities, offered by the management, increases overall worth and luxury of the apartment. Besides its structural elegance, the amenities enhance its overall beauty and structural elegance to a greater extent.