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Miami Mini-Condos Offer Investors a Small Slice of a Hot Market

  • Construction of units that can be rented as hotel rooms soars
  • Some projects are selling out even before they’re built
Natiivo Miami rendering
Natiivo Miami renderingSource: Natiivo Miami

It’s not just home sales that are sizzling in Miami. Investors eager to play in the hot property market are also buying up tiny condos that can be rented out as hotel rooms.

Developers are giving them a lot to choose from: There are 2,770 short-term units -- micro condos that can be rented out daily -- planned or under construction in greater downtown Miami, according to data from Related ISG Realty. That compares with just 779 that were built from 2012 to 2020.