Register - if you don't have an account

Yes! Sign me up for Global Property Guide's fortnightly email newsletter.

Login - for registered users

Forgot Password?
Explore destinations
continent map couldn't be loaded Pacific Europe & Russia North America Latin America Asia Africa Middle East Caribbean


Financial Overview


Property Search

Global Statistics

Regional Statistics

Jun 02, 2013

Excellent yields in Miami, poor yields in New York

Last Updated: Jun 02, 2013
75 sq. m. 849,030 3,812 5.39% 12,129 54.45
120 sq. m. 1,834,080 6,553 4.29% 15,284 54.61
175 sq. m. 3,073,000 11,690 4.56% 17,560 66.80
300 sq. m. 7,173,000 n.a. n.a. 23,910 n.a.
60 sq. m. 1,021,920 3,871 4.55% 17,032 64.51
120 sq. m. 2,174,640 7,270 4.01% 18,122 60.58
200 sq. m. 4,613,000 11,772 3.06% 23,065 58.86
400 sq. m. 10,985,200 n.a. n.a. 27,463 n.a.
MIAMI - Condominiums/townhomes
75 sq. m. 267,000 1,734 7.79% 3,560 23.12
120 sq. m. 531,240 2,956 6.68% 4,427 24.63
200 sq. m. 1,242,600 6,212 6.00% 6,213 31.06
375 sq. m. 2,813,250 n.a. n.a. 7,502 n.a.
MIAMI - Condominiums/townhomes (Aventura)
90 sq. m. 214,830 1,685 9.41% 2,387 18.72
120 sq. m. 319,920 2,050 7.69% 2,666 17.08
150 sq. m. 447,450 2,811 7.54% 2,983 18.74
255 sq. m. 1,216,605 5,024 4.95% 4,771 19.70
Districts researched:
New York Upper Manhattan: Upper East Side, Upper West Side
New York Lower Manhattan: Chelsea, Greenwich Village, Soho, Tribeca
Miami : Coral Gables, Key Biscane
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

New York. Apartments in the Upper East and Upper West sides of Manhattan cost on average, USD 12,000 to USD 24,000 per square metre (sq.m.).   In lower Manhattan - Chelsea, Greenwich Village, Sho and Tribeca,  apartments tend to be more expensive, with prices per sq. m. ranging from around USD 17,000 to USD 27,000.

In both Upper and Lower Manhattan, bigger apartments tend to cost more. For example in Upper Manhattan, a 120 sq.m. apartment costs around USD 15,000 per sq. m., whereas a 175 sq. m. apartment costs USD 18,000 per sq. m., on average.   In Lower Manhattan, a 120 sq.m. apartment costs around USD 18,000 per sq.m., whereas a 200 sq. m. apartment costs around USD 23,000 per sq.m.

Monthly rents per sq. m. in Upper Manhattan range from USD 54 to USD 67, whereas in Lower Manhattan, monthly rents per sq.m. range from USD 61 to USD 65.   Upper Manhattan apartments return rental yields of around 4% to 5%, while in Lower Manhattan, rental returns are lower, ranging from around 3% to 5%.

Oddly, smaller apartments in Upper Manhattan are cheaper to rent per sq. m. than bigger apartments. For example, a 70 sq. m. apartment costs around USD 54 per sq. m. per month. A 175 sq. m. apartment on the other hand, costs around USD 67 per sq. m. per month.

In Lower Manhattan, things are different. Here, it is cheaper (per sq. m.) to rent a bigger apartment than a smaller apartment. For example, it costs around USD 65 per sq. m. per month to rent a 60 sq. m. apartment, whereas, it costs only around USD 59 per sq.m. per month to rent a 200 sq. m. apartment.

Miami.  Gross rental yields in Coral Gables and Key Biscayne, at the top-end of Miami propetty, range from 6% to around 8%.   In Aventura, also an upscale residential neighborhood (but slightly less elite), gross rental yields are excellent on small apartments, with a 90 sq. m. apartment earning around a 9 % rental return. Bigger 120 sq. m. and 150 sq. m. apartments also return good rental yields, with a typical yields being around 7.6%.

Condominiums and townhouses in Coral Gables and Key Biscayne in Miami cost around USD 4,000 to USD 8,000 per sq.m.  In Aventura prices per sq. m. of condos and townhouses range from USD 2,000 to USD 5,000 on average.

Monthly rents per sq.m. in Coral Gables and Key Biscayne range from USD 23 to USD 31, whereas in Aventura, monthly rents range from around USD 17 to USD 20.


Partner Information

Are you considering renting a house or apartment for you and your family? Go and look through the real estate classifieds in Chicago. Find the best option for you among numerous offers provided. 


Be the first to comment on this article!

Login or Register to submit a comment!

In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.

Manhattan Residential Market Report Q4 2013 - Brown Harris Stevens
Compare Countries

Free Newsletter

Fortnightly updates from the global property arena directly to your inbox.

Email Address:

Connect to professional advice in United States


Download free Global Property Guide reports

Our Newsletter

Fortnightly updates from the global property arena directly to your inbox.

Manage subscriptions
Chinese property buyers and Asian buyers, there is great property for high net worth Chinese buyers on

Which parts of the world are most attractive for property investment today?

Click here to download our FREE Property Recommendations Reports!

Close Me