Headlines claim Miami is now more expensive than New York. Here’s what the data really shows. It’s not that Miami real estate has caught up to Manhattan. It’s that affordability has shifted, with Miami’s cost of living climbing faster than local incomes. The numbers still favor New York on the metrics that move real estate. Manhattan’s price per square foot remains above even Miami’s most exclusive enclaves, and the city continues to anchor the jobs, industries, and capital that drive long-term value. Read the full piece on Fortune.com. 🔗 elliman.com/michellegriffith #michellegriffithnyc #manhattanrealestate #fortunemagazine #luxuryrealestate #nycrealestate douglaselliman