Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • MIAMI REALTORS® Launches MIAMI Platinum PLUS for its Members

    May 17, 2018
    The MIAMI Association of REALTORS® (MIAMI) is now offering its members subscriptions to MIAMI Platinum PLUS, an exclusive and unparalleled suite of upgraded Realtor products and services, so Realtors can utilize an even higher level of industry tools to improve and expand their business while enhancing the home buying and home selling process for the public.
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  • Miami Luxury Home Sales Soar in 1Q 2018

    May 15, 2018
    Total Miami luxury home sales surged 12.3 percent in 1Q 2018 as median prices rose for the 25th consecutive quarter, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • MIAMI REALTORS CEO Named to South Florida’s Most Influential Business Women

    May 14, 2018
    MIAMI Association of REALTORS® (MIAMI) Chief Executive Officer Teresa King Kinney was named one of the top 25 Most Influential Business Women in South Florida. The South Florida Business Journal honored Kinney’s strong record of leadership, community involvement and industry innovation at an event on May 11 in Fort Lauderdale.
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  • Miami Luxury Single-Family Home Sales Jump in March

    Apr 23, 2018
    Miami luxury single-family home sales posted double-digit gains as median prices for all properties continued rising in March, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • South Florida Industrial Real Estate Prices, Transactions Rise in 4Q

    Apr 23, 2018
    South Florida industrial real estate prices increased 11.4 percent year-over-year in the 4Q 2017 and the Miami-Dade, Broward and Palm Beach tri-county region posted its second highest industrial transaction volume for the year,
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  • Patricia Anglero Elected 2018 Broward President of the MIAMI Realtors

    Apr 07, 2018
    The MIAMI Association of REALTORS® (MIAMI) has elected Fort Lauderdale broker Patricia C. Anglero as its 2018 Broward Council president. She and all of MIAMI’s leadership boards were installed Feb. 2 at the MIAMI 2018 Inaugural and Awards Celebration.
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  • MIAMI REALTORS Commercial Partners with Research and Data Firm Vizzda to Provide South Florida Commercial Statistics Reports

    Apr 05, 2018
    MIAMI Association of Realtors Commercial (MIAMI Commercial) has formed a strategic alliance with Vizzda (Visual Data) to provide The Quarterly Report – South Florida Commercial Real Estate, which will offer comprehensive commercial research and statistics to MIAMI’s 46,000 members and the consumers they serve.
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  • MIAMI Realtors Commercial Association Rebrands as MIAMI Commercial

    Apr 05, 2018
    The MIAMI Association of REALTORS® (MIAMI) has rebranded its commercial real estate organization, to MIAMI Commercial. MIAMI Commercial’s new name and logo is part of MIAMI’s successful expansion of the commercial reach of the Miami Association of Realtors that enhances the 25-year-old organization, which was formerly the Realtors Commercial Alliance MIAMI (RCA MIAMI).
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  • Miami Condo, Luxury Home Sales Rise in February  

    Mar 21, 2018
    Miami existing condominium and total luxury home sales increased in February, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Miami Realtors Expands Presence of South Florida Real Estate at Global Expo

    Mar 14, 2018
    The MIAMI Association of REALTORS® (MIAMI) has increased its presence by 400 percent at the world’s largest commercial real estate conference, MIPIM. MIAMI Realtors will have exhibits promoting South Florida at MIPIM from March 13-16 in Cannes, France as part of the National Association of REALTORS® (NAR) expanded U.S. pavilion. This year, MIAMI has significantly expanded the U.S. and MIAMI/South Florida presence by adding its own adjacent exhibit space.
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  • Colombia Leads Countries Looking for Miami Homes in January

    Mar 13, 2018
    Colombian consumers registered the most international web searches for Miami homes in January, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida remains the most-searched U.S. market by international consumers and a top-five market for homebuyers in the world’s six largest regions, according to January data.
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  • Urgent Legal Alert from Florida REALTORS General Counsel

    Mar 06, 2018
    Recently, Florida Realtors became aware of several lawsuits filed against real estate brokers in Miami Dade and Broward counties concerning allegations of discriminatory advertising—a violation of fair housing laws. Specifically, brokers are being sued for discriminating against tenants with Section 8 vouchers. These violations, however, pertain to local ordinances, not the Federal Fair Housing Act. Under these local ordinances, landlords and Realtors are precluded from discriminating against tenants with Section 8 vouchers, as this falls under the protected class "source of income."
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  • Miami Condo, Single-Family Home Sales Jump in January

    Feb 22, 2018
    Miami existing condominium and single-family home sales rose in January as $1 million-and-up luxury transactions jumped for all properties, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Colombia Tops Countries Looking for Miami Homes

    Feb 20, 2018
    Colombian consumers posted the most web searches among foreign countries for Miami homes in December, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida finished as the most-searched U.S. market by international consumers and is a top-five market for consumers in the world’s six largest regions, according to December data.
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  • Miami Single-Family Homes Post Fifth Biggest Sales Year in History

    Feb 13, 2018
    Miami recorded the fifth-most annual single-family home sales in county history in 2017 as total dollar volume and median prices rose at year-end and in 4Q 2017, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • MIAMI Realtors Releases New 2017 South Florida International Real Estate Report

    Feb 08, 2018
    Foreign home buyers spent more on South Florida homes and purchased more local residential properties in 2017 than the year before, according to the new 2017 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members conducted by MIAMI and the National Association of Realtors (NAR).
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  • Jorge L. Guerra Jr. Elected 2018 MIAMI Realtors Residential President

    Feb 06, 2018
    The nation’s largest local Realtor association has elected Miami broker Jorge L. Guerra Jr. as its 2018 Residential President. He and the entire Board of Directors were installed Feb. 2 at the MIAMI Association of REALTORS® (MIAMI) 2018 Inaugural and Awards Celebration.
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  • MIAMI Realtors to Honor South Florida Real Estate Industry Leaders

    Feb 06, 2018
    he MIAMI Association of REALTORS® (MIAMI) will honor South Florida real estate’s industry leaders with its 2017 MIAMI Awards at its 2018 Inaugural & Awards Celebration today. “From educator of the year to humanitarian of the year to public policy advocates, the MIAMI Awards honors individuals and groups that made the real estate industry and all of South Florida a better place,” MIAMI CEO Teresa King Kinney said.
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  • Miami Native Brian Sharpe to Lead MIAMI Commercial Realtors

    Feb 06, 2018
    The Realtors Commercial Alliance of the MIAMI Association of REALTORS® (MIAMI) has elected Miami native Brian Sharpe as its 2018 president. He and the 2018 RCA Board of Governors were installed Feb. 2 at MIAMI’s 2018 Inaugural and Awards Celebration.
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  • MIAMI Realtors to Honor South Florida Real Estate Industry Leaders

    Feb 02, 2018
    The MIAMI Association of REALTORS® (MIAMI) will honor South Florida real estate’s industry leaders with its 2017 MIAMI Awards at its 2018 Inaugural & Awards Celebration today.
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Downtown Miami is America's Fourth-Fastest Growing Neighborhood

by | May 25, 2016

Print Version

America's Top-10
Fastest Growing Neighborhoods

  1. Power Ranch, Gilbert, Ariz. (Zip code: 85297)
    Projected 5-year household growth: 15.9%
  2. Historic Cultural Center, Los Angeles, Calif. (90012)
    Projected 5-year household growth: 8.8%
  3. Downtown, Dallas, Texas (75201)
    Projected 5-year household growth: 14.9%
  4. Downtown Miami (33132)
    Projected 5-year household growth: 14.9%
  5. Mountain's Edge, Las Vegas (89179)
    Projected 5-year household growth: 19.4%
  6. Belltown, Seattle, (98121)
    Projected 5-year household growth: 11.9%
  7. Rolesville, N.C. (27571)
    Projected 5-year household growth: 12.1%
  8. Williamsburg, Brooklyn, N.Y. (11249)
    Projected 5-year household growth: 9.2%
  9. The Loop, Chicago, IL (60603)
    Projected 5-year household growth: 18.9%
  10. Atlantic Station, Atlanta (30363)
    Projected 5-year household growth: 15.7%

Source: Realtor.com

Downtown Miami is America's fourth-fastest growing neighborhood, according to a new 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.

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 by 2017.

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.

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