Axios Miami

August 23, 2023
π Good morning, neighbors!
π€οΈ Today's forecast: Mostly sunny, high near 88Β° and heat index values as high as 101Β°. A 40% chance of showers and thunderstorms.
π¬π§ Sounds like: "The Guns of Brixton" by The Clash.
π§± Situational awareness: Remember the proposal last year to build 20-foot-tall concrete walls along Biscayne Bay to protect us from storm surge?
- Since that didn't go over too well, a new phase of planning for the so-called "Back Bay Study" is now underway to develop alternate solutions.
- Join a virtual public meeting tonight at 5:30pm.
Today's newsletter is 800 words β a 3-minute read.
1 big thing: Airbnb program lets tenants rent out their apartments part time
Sentral Wynwood's pool. Photo: Courtesy of Airbnb
In many apartment buildings, tenants with annual leases cannot sublease their space nor list it on short-term rental platforms like Airbnb.
What's happening: A new program called Airbnb-friendly apartments bucks that norm by encouraging renters to lease out their space part time.
- The platform launched last November and recently became active in Miami.
Why it matters: Tenants can potentially earn income β or at least recoup their costs βΒ when not using their apartments.
- In Miami, one of the country's least affordable housing markets, tenants needing to sign annual leases for homes may find it more attractive to be in a building that allows hosting over one that doesn't.
- Median rent here for a zero- to two-bedroom home was $2,455 in July, per Realtor.com.
How it works: Jesse Stein, Airbnb's global head of real estate, explained during a Skift conference in June that the company partners with major firms that own apartment buildings, such as Equity Residential and Greystar.
- On Airbnb's website and platforms, people can see participating buildings, the monthly rent price for annual leases and how much tenants could potentially earn by hosting.
- Tenants sign leases directly with the building owners.
What they're saying: At the conference, Stein suggested the program has benefits for both yearlong tenants and landlords.
- He said tenants using the service include a woman who's able to go stay with relatives whenever she gets a booking and a man in the military who may be deployed.
- The platform is attractive to landlords because it helps market their buildings at no cost to them, Stein said.
- The platform lets landlords see which units are being put on Airbnb, which helps ensure the hosts are complying with building rules and local laws.
- Landlords can take a share of the Airbnb revenue up to 25%, "depending on the partner and how much activity they provide to the host."
Zoom in: So far, one building in Miami is part of the program: Sentral Wynwood.
- 175 units in the building are eligible for Airbnb hosting.
- Starting monthly rent there is $2,785 for a one-bedroom apartment, which residents could potentially earn up to $667 per week for, per the website.
Zoom out: Nationwide, over 250 buildings in 37 markets are part of the program.
- The typical host earned $4,500 in 2022, an Airbnb spokesperson tells Axios.
2. Suarez won't debate
Miami Mayor Francis Suarez speaks at the Republican Party of Iowa's annual Lincoln Dinner on July 28. Photo: Rachel Mummey/Bloomberg via Getty Images
Miami Mayor Francis Suarez cannot debate fellow Republican presidential candidates tonight after failing to qualify for the first GOP primary debate.
Driving the news: Suarez claimed last week that he had qualified by meeting both the fundraising and polling requirements, but he didn't make the list of eight participants released Monday night by the Republican National Committee.
Why it matters: Suarez, whose long-shot campaign is polling at 1% on average, would have liked the national TV exposure to help introduce himself to voters.
- He has previously said that candidates who don't qualify for the debate should drop out of the race.
What we're watching: With former President Donald Trump skipping tonight's debate, will Gov. Ron DeSantis separate himself from the rest of the field?
- Other notable candidates include former Vice President Mike Pence, former New Jersey Gov. Chris Christie and former Ambassador to the UN Nikki Haley.
3. Cafecito: You snooze, no news
Illustration: Lindsey Bailey/Axios
πΊπΈ Former U.S. Rep. Debbie Mucarsel-Powell (D-Fla.) announced she's running for the Senate against incumbent Sen. Rick Scott in 2024. (Axios)
π‘ Inter Miami midfielder Sergio Busquets closed on an $8.7 million waterfront home in Sea Ranch Lakes in Broward County. (The Real Deal)
π A school bus driver was injured in a car crash yesterday beneath the turnpike overpass on Southwest 216th Street. (WSVN)
4. Inter wants another trophy
Teammates hold up Lionel Messi as they celebrate winning the Leagues Cup final. Photo: Chandan Khanna/AFP via Getty Images
Inter Miami is two more wins from another midseason championship.
- After winning its first-ever trophy in the Leagues Cup over the weekend, Inter plays in the semifinals of the U.S. Open Cup tonight at 7pm against FC Cincinnati.
The intrigue: Lionel Messi will play in his sixth match in 22 days, raising questions about the superstar's workload after he just led the Leagues Cup in goals scored.
- "We said that at some point he would have to rest because of the load of minutes played," Miami coach Gerardo "Tata" Martino said Monday, per ESPN.
- Major League Soccer's regular season, paused for tournament play, resumes Saturday.
How to watch: The English broadcast will be on CBS Sports Golazo Network, Paramount+ and Pluto TV.
- Telemundo and Peacock will handle the Spanish broadcast.
5. Where in Miami is Manny?
Meet Manny the manatee! Photo: Deirdra Funcheon/Axios
Who's Manny, you ask? He's the new Axios Miami mascot.
- Isn't he cute? Those flippers! That snout! He's (almost) as photogenic as Deirdra and Martin.
π¬ Can you guess where our new manatee friend is? We hope this one isn't too easy!
- Respond to this email with the answer, and you could be randomly selected to win a free Axios Miami tote bag!
π Martin wants the Dolphins to trade for Jonathan Taylor.
π Deirdra is enjoying sweet melodies from a middle schooler with a new saxophone. Just kidding β sounds like someone's choking a goose!
Tell your favorite saxophonist to subscribe!
This newsletter was edited by Everett Cook and copy edited by Nicole Ortiz.
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