International Council of the MIAMI Association of REALTORS

     

                

International Articles and Advertisements

The MIAMI Association of REALTORS® features a half-page article each week in The Miami Herald –International Edition, promoting MIAMI Members and the South Florida real estate market to affluent consumers in Latin America and Europe.

  • Downtown Miami is America’s Fourth-Fastest Growing Neighborhood

    by | Nov 01, 2017
    Print Version

    Downtown Miami is America’s fourth-fastest growing neighborhood, according to a Realtor.com analysis. Realtor.com looked at places where job opportunities abound, new households are forming, and new homes are being built to meet the growing demand.

     
    Downtown Miami finished No. 4 because of its massive urban development and population growth. Projects such as Miami Worldcenter and Brickell City Centre have brought tens of thousands of new residents to the area. Millennials are attracted to the increased nightlife options, restaurants, shopping, ability to walk to work, free Metromover rail system and much more.

    America’s Top-10 Fastest Growing Neighborhoods

    1. Power Ranch, Gilbert, Ariz. (Zip code: 85297)

      Projected five-year household growth: 15.9%

    2. Historic Cultural Center, Los Angeles, Calif. (90012)

    Projected five-year household growth: 8.8%

           3.    Downtown, Dallas, Texas (75201)

    Projected five-year household growth: 14.9%      

           4.    Downtown Miami (33132)

                      Projected five-year household growth: 14.9%

           5.    Mountain’s Edge, Las Vegas (89179)

                      Projected five-year household growth: 19.4%

           6.    Belltown, Seattle, (98121)

                      Projected five-year household growth: 11.9%

           7.    Rolesville, N.C. (27571)

                      Projected five-year household growth: 12.1%

           8.    Williamsburg, Brooklyn, N.Y. (11249)

                      Projected five-year household growth: 9.2%

           9.    The Loop, Chicago, IL (60603)

                      Projected five-year household growth: 18.9%

           10.   Atlantic Station, Atlanta (30363)

                      Projected five-year household growth: 15.7%


    Source: Realtor.com 

    A Thriving Metropolis
    Once a quiet 9-to-5 job district, downtown Miami has transformed into one of America’s most exciting, thriving areas.

    A growing population of young professionals are living, working, and playing in downtown, which today boasts the highest concentration of cultural institutions in the Southeast and almost 400 restaurants and bars.

    Downtown Miami’s stunning amount of recent commercial real estate development and world-class cultural additions have helped alter South Florida’s image. South Florida is no longer a resort town known only for its beaches. Today, South Florida is a leading global center with world-class amenities. Several of these amenities sit in downtown along picturesque Biscayne Bay. 

    The breathtaking Adrienne Arsht Center for the Performing Arts and the internationally-acclaimed Perez Art Museum opened in downtown in 2006 and 2013, respectively. South Florida’s new science wonderland — the $300 million Patricia and Phillip Frost Museum of Science — is being built adjacent to Perez Art. When the science museum opens in the summer of 2016, Downtown Miami will feature three of America’s top cultural facilities, all within close proximity.

    Downtown’s commercial real estate boom has also resulted in more restaurants, hotels, and retail centers. Downtown, which had few stand-alone restaurants 20 years ago, now features 392 restaurants and bars. Several new hotels, including the 54-story Epic Hotel & Residences and the luxury JW Marriott Marquis, and condo buildings have opened within the last six years.

    Downtown’s growing population — 80,000 live in Greater Miami — will have plenty of shopping opportunities as more than 2 million square feet of retail is planned. About half of that retail space belongs to the Miami Worldcenter, which will comprise 27 acres of retail, residential and hospitality uses in the heart of downtown Miami. It’s expected to open in 2017.

    All Aboard Florida, the downtown Miami-to-Orlando passenger train, is also being built with 163,000 square feet of commercial and retail space. When All Aboard Florida starts running trains in 2017, it will only add another dimension to one of America’s fastest evolving downtowns.

    New Hotels Coming to Downtown Miami
    Downtown Miami’s improved public transit and surging population are attracting major hotels to the area. Four new hotels will open in downtown Miami by 2018. The developments are further signs of downtown’s transformation into one of America’s top metropolises, a place where world travelers can be in close proximity to art and culture.

    The new Langford hotel and ME Miami, which is part of Spain’s ME by Meliá brand, will open in downtown this spring. A 250-room Yotel hotel and Miami Worldcenter’s two-tower hotel with 1,700 rooms have plans to open in the coming years.

    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 MiamiCentral downtown station, which will run 32 trains a day to Orlando with stops in Fort Lauderdale and West Palm Beach.

    The new downtown hotels will be in close proximity to world-class art and culture. Downtown has the Adrienne Arsht Center for the Performing Arts and a new waterfront art museum. A new science museum will open later this year.

    Population Growth
    Downtown’s growing population is a chief impetus for the development.

    The number of downtown residents grew from 40,000 to 80,000 from 2000 to 2015, according to the Miami Downtown Development Authority. Most of the growth is coming from millennials. Residents ages 25 to 44 comprise half of the downtown’s population.

    The investments in Miami’s urban core are bolstering South Florida’s already strong tourism industry while encouraging more international and domestic consumers to relocate to one of America’s most dynamic cities.

    Print Version
  • Miami Realtors to Host International Real Estate Congress

    by | Oct 25, 2017

    Print Version

    The MIAMI Association of REALTORS® (MIAMI) will host its 23rd annual International Real Estate Congress on Oct. 29-31 at the Biltmore Hotel in Coral Gables. About 80 foreign delegates from more than 10 countries and hundreds of South Florida Realtors will network, learn and collaborate.

    “We are honored to have an expanded presence of our international partners and powerful programming at this year’s MIAMI International Real Estate Congress,” said Coral Gables Realtor Christopher Zoller, the 2017 MIAMI chairman of the board. “This is the South Florida international real estate event of the year.”

    Details: 
    ●What: MIAMI International Real Estate Congress 
    ●Who: Hundreds of real estate professionals from around the world 
    ●When & Where: Oct. 29-31 in Miami – Biltmore Hotel Coral Gables 

    NAR VP of Research to Present Local and National Market Information 
    National Association of REALTORS® (NAR) Vice President of Research Paul Bishop will headline the 2017 MIAMI Congress. Bishop is presenting “Markets to Target for Foreign Investment & International Buyer and Economic Update." The Miami-Dade Beacon Council CEO Mike Finney will address economic development in Miami and why we attract global business enterprises.

    Featured programming includes MIAMI CEO Teresa King Kinney revealing initial findings from the latest Miami Profile of International Buyers, a survey conducted for MIAMI by NAR. The presentation will include key statistics and trends on the top foreign countries purchasing Miami real estate.

    The Keyes Company President and CEO Mike Pappas, EWM Realty International President and CEO Ron Shuffield, Douglas Elliman CEO Jay Philip Parker and other nationally-regarded speakers will also present. For more information including agenda and other details, visit: MiamiCongress.com 

    More than 10 Foreign Countries to Participate
    Argentina, Brazil, Canada, Colombia, Ecuador, Dubai (UAE), France, Italy, Mexico, Serbia, Spain and Tunisia will be represented with delegates at the 2017 MIAMI Congress.

    Participants will enjoy nightly gala receptions, attend special international market briefings featuring several countries on Sunday, Oct. 29, and engage in marketing sessions to capitalize on the presence of MIAMI’s esteemed partners. MIAMI has official partnerships with 164 international organizations worldwide.

    To register: visit MiamiCongress.com

    Attracting Foreign Investment
    In addition to Miami’s glamorous locale and all-year sunny weather, South Florida’s unique multiculturalism, growing jobs sector and startup business culture attract global investors and home buyers.

    Miami is the most international city in the U.S. About 51.3 percent of Miami residents are foreign born and the Miami-Dade County population speaks 100 languages. Miami’s concentration of foreign-born residents is more than 2 ½ times the national average of 19.4 percent, according to the U.S. Census.

    Once reliant on just tourism and real estate, Miami has diversified its economy to become one of the world’s top business hubs. Personal finance website Wallet Hub recently ranked Miami as the second-fastest growing economy among large U.S. cities, according to data from 2010 to 2014. Miami also finished No. 1 in full-time jobs increase; No. 1 in working-age population growth; No. 6 in poverty-rate decrease; No. 7 in business growth; and No. 10 for median household income growth.

    Miami’s technology hub is being led and supported by a strong ecosystem. Organizations such as eMerge Americas, the Idea Center and Venture Hive provide resources to incoming software, technology and IT entrepreneurs. The results are impressive, according to Endeavor Miami. In 2014, Miami-based startups attracted about $49.4 million in venture funding.

    Top Market for the Wealthy
    Miami offers ultra-high-net-worth individuals the ability to purchase a luxurious home with access to superior schools and shopping opportunities akin to London. In addition to South Florida’s weather and beaches, the world’s elite like Miami for its developing art scene. The Art Basel show draws the world’s top collectors, and the Wynwood neighborhood has gained national and global attention for its trendy local art. The Adrienne Arsht Center for the Performing Arts and a waterfront art museum opened recently in Miami. A new science museum will open next year.

    The lack of a state income tax also leads U.S. citizens, particularly those living in the colder climates in the Northeast, to establish residency here. The affluent from high tax states like New York and Connecticut can afford to purchase more expensive homes in Miami because of the tax structure.

    Global Investment Reshaping Miami
    Miami’s ability to attract global investment is not just seen in its robust real estate, population and start-up companies. It can be seen in its booming retail.

    From Brickell City Centre to the $1.7 billion planned mixed-use development Miami Worldcenter to proposed renovations at Sunset Place Shops and CocoWalk. Miami’s strong tourism and local demographics are making South Florida a top investment draw.

    As a center for global investment and a major destination for international home buyers, South Florida is well positioned to continue growing as a world-class global region.

    Print Version
Pages

2017 Archive

2016 Archive

2015 Archive

2014 Archive

2013 Archive