JTHS Council of the MIAMI Association of REALTORS - Jupiter, Tequesta, Hope Sound

     

                

20 Reasons to Visit and Buy in Miami

by | Oct 08, 2014

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There are many reasons why U.S. and foreign tourists, real estate buyers, businesses, and celebrities are attracted to Miami and the lifestyle that it offers. Here are some of the top reasons why Miami is a global hotspot!

1. AffordableRealEstate
The local market offers record affordability, amenities, and seller incentives. The weak U.S. dollar results in even further discounts for foreign buyers.

2. TopMarketforInternationalBuyers Florida is by far the top state in the U.S. for international buyers. The Miami market is consistently ranked a top area for foreign buyers, who are taking advantage of favorable market conditions. Miami is expected to outperform other U.S. markets long into the future due to impact of international buyers.

3. EnviableWeather
Miami is one of a few cities in the U.S. with a subtropical climate. Average temperature is 75F/23C and is never below 64F for any given month. The local sunshine makes water sports and outdoor activities possible year-round.

4. BeautifulBeaches
Miami-Dade County has 84 miles of Atlantic Ocean coastline and 67 square miles of inland waterways and boast more than 15 miles of world-famous beaches.

5. WaterSportsandActivities
Snorkeling, sailing, boating, kayaking, swimming, and diving are just of the few water sports and activities easily accessible in Miami.

6. Lifestyle
Miami offers an exciting lifestyle with activities to suit anyone – young adults, families, baby boomers, retirees, celebrities, tourists, and visitors. There are museums, performing arts venues, art galleries, professional sports, and places to shop.

7. Nightlife
The fabulous Miami nightlife is no secret. Ocean Drive, Lincoln Road, Coconut Grove, Coral Gables, and the Design District are just a few areas that feature top restaurants, night clubs, bars, and world famous hotspots that offer excitement, fun, and relaxation. Even though Miami has come a long way over the years and is today much more than a tourist destination, it is still considered the “fun capital”.

8. Restaurants
In Miami you can savor worldwide cuisine unlike any other city in the U.S. Whether it’s authentic Cuban, Spanish, Argentinean, Asian, French, African or any other you crave, there probably is a local restaurant that serves it.

9. Entertainment Industry
Miami is a major fashion center, home to models and some of the top modeling agencies in the world – and hosts many fashion shows, including the annual Miami Fashion Week and the Mercedes-Benz Fashion Week Miami. There are more than 2,400 motion picture and video businesses in South Florida. It was voted seventh among “Top 10 U.S. Cities for Moviemakers” by MovieMaker Magazine.

10. Global Appeal
Miami is ranked as a global city for its importance in finance, commerce, media, entertainment, arts and international trade. According to a study by WorldCity Business Magazine with the Beacon Council, South Florida is home to at least 1,183 multinational companies from 56 nations. According to the report South Florida’s multinational companies employ roughly 180,000 locally and over 500,000 throughout the region and around the globe.

11. “Gateway to the Americas”
Primarily due to its strategic location between Latin America and Europe, its proximity to the Caribbean and strong trade industry, Miami is known as the “Gateway to the Americas” and also the “Capital of the Americas”.

12. Cultural Connectivity
According to the U.S. Census, 49.4 percent of Miami-Dade County’s population is foreign born and 70.3 percent speak a language other than English at home. Miami is home to 150 ethnicities and more than 60 languages.

13. Global Business Center
There are more than 100 international consulates, trade offices and bi-national chambers of commerce in Miami- Dade County, where most global economic business sectors are represented, supporting the worldwide flow of goods and services. Financial and workforce training incentives are available to qualified companies in Miami-Dade County, and there is no state or local income tax, which creates a beneficial global business climate.

14. Hotel Accommodations
According to the Greater Miami Convention and Visitors Bureau, in 2010 Miami-Dade County had the highest hotel occupancy rate of any area in Florida other than the Florida Keys. Miami’s occupancy rate increased 7.9 percent compared to 2009. Miami’s hotel market occupancy rate ranks fifth in the U.S. behind New York, Oahu Island, San Francisco, and Boston.

15. Top Tourist Destination
The visitor industry is the number one industry in Greater Miami and the Beaches. Miami offers 349 hotels and 42,018 rooms.

16. World Aviation Hub
Miami is considered a world aviation hub. Miami International Airport (MIA) connects North and South America and Europe – 33.5 million passengers a year and is 3rd in the U.S. for passenger traffic. Over 80 airlines connect South Florida to 120 domestic and international destinations, including non-stop flights to 40 international airports and connecting flights to the entire world. More flights to Latin American and the Caribbean originate from Miami than any other US airport. MIA is ranked the top freight airport in the U.S. – 1.8 million tons and $19 billion in business revenue annually.

17. Port of Miami
With more than 4 million cruise passengers a year, Miami is known as the “Cruise Capital of the World”. The Port of Miami serves 240 seaports and 9 million tons of sea cargo. China leads imports at the Port of Miami, followed by Italy, Hong Kong, Honduras and Brazil. Export volume is led by Honduras, Hong Kong and Brazil.

18. Educational Institutions
Miami-Dade school district is the 4th largest public school district in the nation. It also has 5 colleges and universities and 3 law schools. It is noted for highly regarded private schools, adult programs, alternative and community education, and institutions of higher learning. Florida International University received the highest Carnegie Foundation for the Advancement of Teaching as Doctoral/ Research University ranking. The University of Miami, recognized as a Carnegie I Research University, is the largest, most comprehensive private research university in the southeastern United States, and holds a well-respected academic and athletic reputation. Miami Dade College is nationally recognized as one of the largest and best community colleges in the country.

19. Hospitals
There are 33 hospitals in Miami-Dade County. Jackson Memorial Hospital is recognized as one of the top 25 hospitals in the U.S. Miami Children’s Hospital is rated the top pediatric hospital in the country.

20. Top Rankings

  • Miami has the largest concentration of international banks in the U.S.
  • Miami's skyline ranks third in third in the U.S. behind New York City and Chicago and 18th in the world (Almanac of Architecture and Design.)
  • Miami is the only major city in the United States bordered by two national parks, Everglades National Park on the West, and Biscayne National Park on the East.

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