MIAMI 25 YEARS OF TRANSFORMATION
The Latest Miami Report.
Over the past 25 years, the downtown Miami has evolved into one of the most desirable places in the world not just to visit, but to live and conduct business in. Today, Miami is a cultural, commercial and entrepreneurial hub that validates its status as a world-class city.
Population and International Demand
Of the 900 people that move to Florida each day 45% of them make Miami-Dade, Broward and Plam Beach counties their home. Florida's daily increase of residents is very much in the line with the growing US and the World populations.
CONDO RENTAL TRENDS:
2017 Average Vacancy Rates For Condos Delivered Since 2006:
Total Units Delivered = 38,055 (under construction and pre construction, not included)
96.65 % Occupancy
COMMERCIAL AND RETAIL
Over the past five years, the Miami market has had the lowest availability rate in the U.S and one of the fastest rates of rent growth.
With its incredible climate, central location, great value and diverse cultural landscape, it’s no wonder that so many foreigners choose to make Miami their home. In 2017, 22% or $24.2 billion of US foreign sales occurred in Florida, up 25% from the previous year. 53% of foreign sales in Florida occurred in South Florida.
In 2017, developer Moishe Mana revealed plans for the main piece of a mixed-use project located in Wynwood, a center that would facilitate trade and business between China/Asia,Latin America, the Caribbean and North America. Designed to attract international companies.
THE TIME IS NOW