FYI Miami: January 29, 2026
Jan 28, 2026
AIRPORT’S REPUTATION: The Policy Council of the Miami-Dade County Commission on March 9 is to hold a hearing on legislation that would establish a seven-member appointed county advisory board to pinpoint concerns about Miami International Airport’s operations and propose solutions that would enh
anced the airport’s reputation. County commissioners approved the legislation without comment on a first reading last week.
RENT RISES FORECAST: Miami average rents are expected to reach $2,740 per month by year’s end, with rent rises concentrated “in upper-tier units amid constrained new supply,” a report this week from brokerage firm Marcus Millichap says. “Downtown and Northeast Miami continue to benefit from affluent renter demand,” the report says. “Miami’s rental market remains fundamentally sound, though immigration headwinds and slower job growth are creating new dynamics across submarkets,” said Victor Garcia, the firm’s managing director and market leader for Miami.
DISAPPEARING TAX RECEIPTS: Miami-Dade businesses would no longer be required to display local business tax receipts under a proposal by Juan Carlos Bermudez that the county’s Recreation Tourism Committee is to hear March 9. Commissioners approved it on first reading last week with no comment. Law now requires that the receipts be prominently displayed or else the business could face a second payment of the tax.
LOWER DRUG PRICING: The House Budget Committee on Tuesday overwhelmingly approved a proposal aimed at lowering prescription drug prices in Florida amid arguments by critics that it would be unworkable and could lead to drug shortages. The committee voted 22-2 to back the proposal sponsored by Rep. Jennifer Kincart Jonsson. The bill would take a series of steps, including instituting what is described as a “most-favored-nation” system on drug prices. That would involve analyzing drug prices in certain other countries and using those prices to set limits on what Florida patients could pay. Ms. Kincart Jonsson pointed to people in other countries paying less for medications. “Americans and Floridians are subsidizing the world,” she said.
GAS PRICES RISE: Average gasoline prices in Miami rose 8.9 cents per gallon in the past week to $2.90, according to GasBuddy. Prices in Miami are 10.1 cents higher than a month ago but 28.6 cents lower than a year ago. The national average price rose 7.5 cents per gallon in the week to $2.84, up 3.6 cents from a month ago but 23.9 cents lower than a year ago.
These are some of the FYIs in this week’s edition. The entire content of this week’s FYIs and Insider sections is available by subscription only. To subscribe click here.
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