Invest in Miami: Top 10 Real Estate Market
MIAMI DADE, April 22, 2016 (Newswire.com) - Miami is recognized worldwide as one of the hottest investment cities in the United States for buy; ranked as one of the top 10 cities for investments. Miami is a major center in finance, commerce, culture, media, entertainment, the arts and international trade. It is also known as the Wall Street of the South for its business and commerce reach into Latin America and the Caribbean.
The Wealth report 2015 by knight Frank ranked Miami in 6th on ahead of Geneva, Dubai, Beijing, and Berlin just to name a few. The report highlights that Miami is perceived a destination to High Net-Worth people from Latin America and world wide. Miami is the second most important city in US following New York.
Historically, Miami has been renowned for its stunning beaches, international finance, and non-stop nightlife. However, nowadays people from all over the world are choosing Miami as the ultimate destination with one of the best culture, entertainment and industry living.
The development is living Miami is impressive, urban, economic and cultural level, which makes it a city with a bright and stable future.
The Port of Miami Tunnel project will provide over 170,000 jobs with $6.4 billion in wages and $17 billion in economic output. Brickell City Centre will have an economic impact of approximately $1 billion with 1,700 construction jobs already in place, and more than 5,000 jobs once completed and will add $5.4 million in ad valorem taxes to Miami-Dade County.
Miami has become home to major international events like the Art Basel show, Sony OpenTennis, Miss Universe pageant, Coconut Grove Arts Festival, boat and car shows, fitness challenges, food and wine festivals, and many other world interest
Brickell City Centre will be an economic catalyst, a $1.05 billion luxury retail and lifestyle destination with 5.4 million square feet. It features a progressive Climate Ribbon architectural that will provide innovative climate control so shoppers can walk in comfort between stores and restaurants.
Miami Worldcenter is one of the largest private master-planned projects in the United States, featuring 1 million square feet of shopping center, hotel, convention center and luxury residences.
The New Miami Design District will bring unprecedented luxury to this neighborhood, now referred as the "West Village" of New York, with many dining and entertainment options in the middle of an artistic space that is reemerging and appearing on the new storefronts housing of the most luxurious brands such as Hermes, Louis Vuitton, Poltrona Frau, Hermès, Cartier, Tom Ford and much more.
In the neighboring Biscayne Bay corridor you’ll come across 1000 Museum, a true masterpiece envisioned by one of the greatest architects of our time Zaha Hadid. With its own helipad, this futuristic marvel will be the only one of its kind in the Western Hemisphere.
The multi-billion dollar expansion of the Panama Canal has many port-cities scrambling to prepare for the massive new ships. Miami was one of the first to receive funding and federal approvals, and has officially begun the $220 million dredge that will deepen the harbor to 50 feet. The dredge, combined with a $2 billion infrastructure upgrade, will make Miami one of the first and only U.S. ports capable of housing the larger “Post-Panamax” ships, that carry two to three times the load of standard freighters.
The All Aboard Florida passenger train, which will start offering rail service between Miami and Orlando in 2018, which will relieve much downtown congestion and improve traffic in and around the city. Miami now has the attention of the entire world for its ever-growing diversity, international cuisine, high-end shopping, and world-class entertainment, making Miami synonymous with cosmopolitan city living.
According with a report published by PwC and Urban Land Institute titled “Emerging Trends in Real Estate 2016”, Miami made it back into the top 20. This year, the entire state of Florida is being viewed in a very positive light. Luxury Apartment Miami offers the best condos and houses to live in Miami, rent or buy in this city is a great decision, it's an excellent investment.
Source: Luxury Apartment Miami