Brickell set a record in the first quarter of 2026: $950 per square foot for luxury condos, the highest the neighbourhood has ever recorded, with the $1M-plus median rising 13.9% year over year to $1,675,000. In the same quarter it carried roughly 28 months of luxury inventory. Prices at a record and inventory at 28 months is not a contradiction — it is a flight to quality, and it tells you exactly where the negotiating room is.
The Two Brickells
Across all price points the Brickell median sits near $790,000 at about $695 per square foot. In the $1M-plus tier it is $1,675,000 at $950. The gap between those two markets has been widening, and it maps almost perfectly onto building age and brand.
Rents tell the same story from the other side. Studios averaged about $2,750 a month in mid-2026, one-bedrooms $3,500 and two-bedrooms $4,900 — up 8% to 10% year over year, against a neighbourhood median near $4,400. Rents rising faster than resale prices is the argument for buying now; 28 months of inventory is the argument for buying carefully.
Wall Street South Is Real, and It Is Measurable
Brickell office rents reached a record of roughly $200 per square foot in 2026 — New York pricing. Ken Griffin moved Citadel’s headquarters to Miami and is building a $2.5 billion campus at 1201 Brickell Bay Drive, now planned at around 954 feet and 1.64 million square feet of office. BNP Paribas expanded its Brickell office after a 47% revenue jump, and Todd Boehly’s Eldridge took space at 830 Brickell.
For balance: the planned 68-storey One Brickell City Centre office tower was cancelled in February 2025 amid weak preleasing. The demand is real but it is not uniform, and anyone telling you otherwise is selling.
The Branded Tower Pipeline
Brickell now concentrates more branded residential development than any other market in the Western Hemisphere. Cipriani Residences at 1420 South Miami Avenue topped off in July 2026 at roughly 950 feet and 85 storeys — the tallest residential tower in Miami — with 397 residences, over 80% sold to buyers from more than 30 countries, from $1.8M, delivering summer 2027.
The St. Regis Residences at 1809 Brickell Avenue is 50 storeys and 152 residences by Related Group and Integra, more than 65% under contract at groundbreaking, delivering Q4 2027. Baccarat Residences passed the 40th floor in March 2026 on its way to 75 storeys, completing early 2028. The Residences at 1428 Brickell — 70 storeys, 195 residences with a solar-glass façade — targets Q4 2028. 888 Brickell by Dolce&Gabbana and Mercedes-Benz Places remain in pre-construction and financing stages.
Across the water on Brickell Key, two penthouses at the Mandarin Oriental Residences went under contract at roughly $49.9 million each — about $6,300 per square foot, the highest condominium pricing recorded on mainland Miami. Those are contracts on a building expected to break ground in late 2026, not closed sales.
Living in Brickell
Brickell City Centre and Mary Brickell Village anchor the retail and dining; the free Metromover loop and the Brickell Metrorail station mean you can genuinely live here without a car; and The Underline, the ten-mile linear park beneath the Metrorail, begins at the Miami River end of the neighbourhood. Simpson Park preserves a pocket of original hardwood hammock on South Miami Avenue. Brickell Key sits offshore as a quieter island enclave.
Key Takeaways
- Record $950 per square foot for luxury condos in Q1 2026, with the $1M-plus median up 13.9% to $1,675,000.
- Roughly 28 months of luxury inventory — real negotiating room in resale, almost none in new product.
- Rents up 8% to 10% year over year to a $4,400 median, outpacing resale price growth.
- Office rents hit a record $200 per square foot; Citadel is building a $2.5 billion headquarters.
- Cipriani (2027), St. Regis (2027), Baccarat (2028) and 1428 Brickell (2028) are the towers to know.
Brickell buildings
56 buildings
Frequently Asked Questions
What is the average condo price in Brickell?
About $790,000 across all price points at roughly $695 per square foot. The luxury tier ran a median of $1,675,000 at a record $950 per square foot in Q1 2026.
Is Brickell a good place to buy in 2026?
The case is strong on rents, which rose 8% to 10% year over year, and on employment growth. The caution is roughly 28 months of luxury inventory, which means resale buyers should negotiate hard.
What is the tallest residential building in Miami?
Cipriani Residences Miami in Brickell, at roughly 950 feet and 85 storeys, which topped off in July 2026 and delivers in summer 2027.
Why is Brickell called Wall Street South?
Because of the concentration of finance firms — Citadel’s $2.5 billion headquarters, BNP Paribas expanding, Eldridge at 830 Brickell — which pushed office rents to a record $200 per square foot.
What new luxury towers are being built in Brickell?
Cipriani Residences (2027), St. Regis Residences (Q4 2027), Baccarat Residences (early 2028) and The Residences at 1428 Brickell (Q4 2028), with 888 Brickell by Dolce&Gabbana and Mercedes-Benz Places still in earlier stages.
What are rents like in Brickell?
Around $2,750 for a studio, $3,500 for a one-bedroom and $4,900 for a two-bedroom as of mid-2026, with a neighbourhood median near $4,400 — roughly 126% above the national average.
Can you live in Brickell without a car?
Yes. The free Metromover loop, the Brickell Metrorail station, Brickell City Centre, Mary Brickell Village and The Underline make it one of the few genuinely walkable neighbourhoods in Miami.
Are Brickell condos a good rental investment?
Rents grew 8% to 10% year over year while all-price-point resale values rose about 4%, which is favourable — but underwrite HOA fees and the 28-month luxury supply before assuming appreciation.
Explore further: Miami luxury condos · new construction · the 2026–2031 pipeline · penthouses · South Beach · selling in Brickell