The Rent vs Buy Debate For Miami Luxury Condos

With five-figure monthly rents now common in prime Miami luxury condos, affluent residents are re-evaluating whether it still makes sense to lease or if those payments should be redirected into ownership. This editorial unpacks how record-high rents, a buyer-friendly inventory backdrop and new condo reserve laws are reshaping the rent vs buy equation at the very top of the market. It outlines when long-term commitment and equity building justify a purchase, and when flexibility, mobility and capital efficiency make renting the smarter play.