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15

This Downtown Street Seeing Triple-Digit Appreciation

By Tony Seruga

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Properties along the historic Flagler Street and surrounding areas have seen year-over-year appreciation in the 20% to 50% range.

MIAMI—Recent commercial real estate transactions show properties on Flagler Street have appreciated into the three digits in the last 18 months. It took Miami Beach’s Lincoln Road decades to experience that kind of appreciation.

What’s going on? Marcus & Millichap’s senior vice president of Investments Alex Zylberglait, who recently brokered the sale of 219 E. Flagler Street, offers some insights in part two of this exclusive interview series. You can still read part one: Why Flagler Street is Suddenly En Vogue.…

This Downtown Street Seeing Triple-Digit Appreciation

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