We are in the middle of “the year of cold feet,” with would-be homebuyers backing out of purchases due to fears of losing their jobs – among other reasons. In the Miami market, these skittish individuals are opting to rent at buildings like Douglas Enclave now and wait for a more comfortable time to buy. 

More than 15% of home purchase agreements were scrapped in July, according to Redfin data cited by Business Insider. That is the highest monthly percentage since Redfin began tracking cancellations in 2017. At 17.7%, the Miami market was even higher than the national average. 

This continues a trend of aspiring buyers choosing to rent over job security and economic concerns. Miami leads the nation in delisted homes, and business bankruptcies are surging across South Florida. 

Simply put, renting is the clear choice over buying right now. Douglas Enclave is your ideal option today, offering the best of the Miami lifestyle and amenities often found in luxury condominium buildings. 

Douglas Enclave is an 11-story, 199-unit building with brand-new Little Havana apartments available for rent. It includes a thoughtful mix of studio apartments, one-bedrooms, two-bedrooms and townhomes for rent. Individual apartments feature vinyl-wood flooring, open-concept kitchens, stackable washer/dryer units and efficient appliances. 

Additional building amenities include a club lounge, bike racks, gated parking garage and a package delivery room. Douglas Enclave is extremely transit-friendly and located next to a Coral Gables Trolley stop. 

Little Havana is one of Miami’s most popular neighborhoods to live in because of its convenient location, rich history, culture and many things to do. The neighborhood is perfectly positioned near the world-class shopping and dining of downtown Coral Gables, and a short drive from Miami’s bustling Brickell financial district. 

For more information about Douglas Enclave, call (786) 610-4811 or visit the leasing office located at 61 NW 37 Ave. between 9:30 a.m. and 6 p.m. from Monday to Friday, and between 10 a.m. and 5 p.m. on Saturday. Douglas Enclave is part of Miami-Dade County’s Workforce Housing Program – contact the leasing team for more details and qualification requirements.