GATEWAY TO THE AMERICAS”- STRATEGIC LOCATION BETWEEN LATIN AMERICA EUROPE
“CAPITAL OF THE AMERICAS” – PERFECT FOR BUSINESS OR PLEASURE
- MIAMI proves unparalleled ability to attract international homebuyers and world-class global investors.
- Despite a strong U.S. dollar and economic instability worldwide, international residents continue investing in South Florida.
- Foreign real estate buyers account for 36 percent or $6.1 billion of total sales volume in South Florida.
- Florida remains the top state for international buyers with 21 percent of all foreign purchases in the United States. Miami and Fort Lauderdale account for 50 percent of foreign sales.
MIAMI IS THE MOST INTERNATIONAL CITY IN THE UNITED STATES
- About 51.3 percent of Miami residents are foreign born. Miami’s concentration of foreign-born residents is more than double the national average of 19.4 percent.
- Of the 500,000 new residents who moved to the Miami, Broward, Palm Beach metro area over the last five years, about 65 percent came from other countries.
- Students at Miami-Dade County Public Schools, the nation’s fourth largest school district in the U.S. with 345,000 students, speak 56 different languages and represent over 160 countries.
MIAMI IS 7TH BUSIEST GLOBAL INVESTMENT DESTINATION & 6TH CITY FOR THE NUMBER OF UHNWI
- No state income tax. Home to nearly 1,200 multinational companies from 56 nations; more than 100 international consulates. trade offices and bi-national chamber of commerce.
- Miami has the largest concentration of international banks n the U.S.
- Miami ranked as the sixth most important city in the world for ultra-high-net-worth individuals after London, NYC, HK, Singapore and Shanghai.according to this year’s Frank Wealth Report.
ART, CULTURE, TRANSIT ATTRACTING RESIDENTS
- Miami’s cultural and art institutions are also influencing the region’s population growth. Miami Beach’s Art Basel show draws the world’s top collectors, and the Wynwood neighborhood has gained national and Global attention for its trendy local art.
- Greater Downtown Miami has seen a 99.6- percent population increase since 2000, growing from 40,466 to 80,750 residents. Brickell — which is the core of Miami’s banking, investment and financial centers — has seen the largest increase in downtown, growing from 12,904 residents in 2000 to 32,489, accordingto the Miami Downtown Development Authority.
- Downtown’s public transit, cultural institutions and growing population are encouraging many of these developments. Miami’s Metrorail Orange Line now takes travelers from the airport to downtown. Also, All Aboard Florida is building a new rail service, which will run 30-plus trains a day to Orlando with stops in Fort Lauderdale and West Palm Beach by 2017.
AMERICANS RELOCATING TO SOUTH FLORIDA
South Florida’s tax environment (no state income tax in Florida), growing tech industry and infrastructure improvements are leading more Americans to relocate to Miami.
About 22,000 New Yorkers, for instance, migrated to Miami between 2009 and 2013, according to the U.S. Census Bureau.
MIAMI IS A NEW CITY. IT’S A CLEAN CITY. IT’S A DYNAMIC CITY. IT’S A CITY THAT REPRESENTS THE WORLD
Top Tourist Destination – 12.6 million overnight guests, with 6 million of them international visitors.
World Aviation Hub – 3rd in the U.S. with 33.5 million passengers a year. Over 80 airlines to 120 destinations – top freight airport in the U.S. with 1.8 million tons - $19 billion in business revenue a year.
Port of Miami – “Cruise Capital of the World” with more than 4 million passengers a year; Also serves 240 seaports; 9 million tons of sea cargo.
Source: Miami Association of Realtors, NAR, U.S. Census data.