This is a live video from expert Peter Zalewski of the Miami Condo Investing Club™ recorded in the Brickell Avenue Area of Greater Downtown Miami on Nov. 28, 2025.
Real estate consultant and expert witness Peter Zalewski of the Miami Condo Investing Club™ spent his Black Friday—the day after Thanksgiving when retailers slash prices to spur holiday purchases—traversing the Greater Downtown Miami streets, not for discounted consumer goods, but for distressed condominium deals.
Zalewski broadcasted live from the glamorous Brickell Avenue Area neighborhood of Greater Downtown Miami, standing on Southwest 8th Street.
This location lies just east of the gritty Little Havana neighborhood, where the same thoroughfare is known as Calle Ocho.
Zalewski asserted that Southwest 8th Street represents a tale of two cities in Miami’s real estate narrative.
This divide is stark: Brickell Avenue Area rents commence at more than $3,000 per month, yet rentals in Little Havana are available for about $2,000 per month, despite the two areas being separated by only a few blocks.
Zalewski offered a straightforward assessment of the South Florida condo market as the symbolic start of the critical 2025-26 Winter Buying Season, which runs from November through April.
He noted that the resale inventory is growing, while transactions are shrinking, a troubling divergence that suggests a significant market adjustment may be brewing.
“This Summer Buying Season—May through October—we are effectively parallel to where we were in 2007,” said Zalewski, referencing the first year after the 2006 peak of the Great South Florida Condo Boom and Bust of 2002 to 2011 when sales fell and prices, surprisingly, rose. “We saw that again in the summer of 2025.”
Amid the concrete canyons of Brickell Avenue, Zalewski noted a proliferation of “for rent” signs, suggesting that many pandemic-era buyers—who had been told they could work from home but have since been ordered back to their New York or Silicon Valley offices—are struggling to offload their units or even cover their carrying costs with rental income.
For these owners, the Black Friday discounts are effectively being offered by sellers themselves in the form of deep cuts, or “haircuts,” they will soon have to take.
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