House prices and new developments are blooming along the South Florida train line

Since its end in 2022, Brightline has increased transport within the Mad-Mad Florida-Helping both tourists connect between the two most popular destinations of the state, as well as the return of locals to travelers among the once thought out communications.

And the port of Canny real estate developers lost a beat with their investments.

“Brightline has been a player of South Florida games, creating smooth links among the main markets,” said Danielle Naftali, Executive Vice President, whose couple are private residences in Miami Worldcenter and Viceroy Residels Fort Lauderdale benefit from proximity to bright line stations. “Our projects are directly benefiting … from the ease of travel that Brightline offers.”

The train cost a $ 6.2 billion heavy to complete, with all the funds raised with your private sector. Over 2.7 million knights traveled through Brightline in 2024 – a growing up almost 40% during 2023.

By now securing the trust of passengers in Florida, Brightline is also reflecting its economic glory in the Miami area real estate market.

“As a cornerstone of the growth and development of Miami downtown, Brightline has become clearly an important asset,” said Ibrahim Fest, a member of the Executive Board of the Eighth Group.

Indeed, property prices have grown not only along the Brightline Street, but around its train stations – Miami, Adventure, Fort Lauderdale, Boca Raton, West Palm Beach and Orlando. All those areas are now emerging as the main shopping center.

For example, the center of Brightline and Miami is located in the heart of the city. It was one of the first to open, debuting in 2018 for the service between Miami and Fort Lauderdale (the line to Orlando was completed in September 2023).

According to local lists data, the area around the Miami Brightline Station has seen sales increased by 31.9% between 2018 and 2023, while the total resale value of the area in 2023.

At 900 Blvd biscayne. – only one block from the station – the average prices have increased almost 60% since the bright line arrived.

About 45 minutes north, a similar effect occurred at Fort Lauderdale inside and around the bright city station. The total resale value there ranged from 51.4% from $ 214.2 million in 2018 to $ 324.2 million in 2023.and similar to Miami, one bedroom prices with one on Avenue of Lofts have seen a 60% price dance .

These numbers make sense: According to a joint study between the American Association of Public Transport and the National Association of Realtors, properties near transit lines and stations can grow up to 150%.

Bored by its original success of the Magic City, Brightine developers are currently building an extension between Orlando and Tampa envisioned to begin service in late 2026. In approximately five years.

Meanwhile, the original Miami and Brightline bodies are increasingly integrating into the trade and cultural ecosystem of South Florida.

For example, the Brightline’s Miami Terminal is actually part of the largest Miamitrical transport center, which also includes stations for three-roller, metrorail and metromover, along with the Miami-Dade Bus system.

“Businesses fully acknowledge that public transport is an aid to recruit and keep them.”

Adam Metzger, Main Operation Officer at OAK Row Equations

Such an integrated connection – not only for Brightline destinations, but also Miami International Airport – opens the entire region for buyers, developers and even employers once limited by blockages and car traffic.

“Businesses fully acknowledge that public transport is an aid to recruit and maintain them,” said Adam Metzger, Operating Chief at OAK Row Equations, who is currently conducting four projects – Oasis, Wynwood Plaza, 2600 Boulevard Biscayne and 2900 terrace – of all – all – all – all – all – all – all – all – terrace – all – terrace – all – all – all – all – all all – all – All, all, all, all, all, just minutes from Brightline Access.

“Businesses can now attract talent from all over the state,” added Metzger, whose firm just signed the largest place in Miami’s history: a $ 520 million water parcel, 4.25 hectares in Bricell.

How is this for a bright future?