Fueled by Miami’s Growing Tech Sector, Wynwood’s Luxury Residential Market Continues to Skyrocket — PROFILE Miami

As tech companies and financial institutions flock to the graffiti-soaked streets of the Wynwood Arts District, Miami’s cultural and creative capital is swiftly becoming the city’s tech epicenter — and that’s having a profound impact on luxury residential sales, including several record-breaking transactions.

The former warehouse district turned canvas for contemporary street art is now home to some of the country’s most innovative companies, including Spotify, Live Nation, PwC and venture capital firms Founders Fund and Atomic — all of which recently opened offices in Wynwood.

“Wynwood is the destination of choice for relocating tech and finance firms and their respective talent, many of whom are looking to put down roots in Miami,” said Nick Pérez, Senior Vice President for real estate powerhouse, Related Group. “It’s undoubtedly become one of the most sought-after neighborhoods in what is already a white-hot residential real estate market.”

As a neighborhood pioneer, Related was the first residential developer to enter Wynwood, delivering the neighborhood’s first newly-built residential property, Wynwood 25. With its 2019 opening, Related kicked off a wave of development that has since transformed the area into one of the hottest residential markets in the country. Related alone has a total portfolio, including units completed and under development, of more than 1,250 luxury rental apartments in Wynwood, with practically zero vacancies.