Even As Downtown Rent Skyrockets, Young Hipsters Willing To PayWhen Brett Smith's lease at Axis Brickell came up last month, his condo rent rose 15 percent, to an astounding $3,800 a month. That was up from $3,300 for the three-bedroom, three-bath condo, which he shares with two friends.

More From CBS Miami

Weather Forecast 24/7
Tracking Hurricane Matthew: Interactive Maps
Check Your Pro Football Challenge Results

Listen Live