Florida is the #1 tourist destination in the world, with 5 of the 10 top world attractions and over 94 million annual visitors last year. It’s a state that will reach a population 127 million by 2020.
Miami is becoming a true world class city, receiving over 10 billion in 5 years from private and public investments, with a number of projects that will completely change the city.
Midtown and Wynwood, the two trendy upcoming areas 5 minutes from Downtown/Brickell and 10 minutes from The Beaches. Tens of luxurious new buildings are filling up the water edges of this highly demanded piece of land called Edgewater.
The Port of Miami , the busiest cruiseship port in the world, it's investing 607 million to be able to handle an ever growing number of visitors, already opening an under the water tunnel . It’s also building the Museum Park with 29 acres at a cost of 500 M to accommodate the Pérez Art Museum Miami and the Museum of Science . Next to it a 4 billion project the Genting Resort World with Casino, hotel, restaurants, theaters. To the south another 4 billion project will come, the Miami World Center with convention center hotels, retail and perhaps a second casino. Next to it One Bay Front Plaza, a building higher than the Empire Estates will rise at a price tag of 2 billion and behind it will be the Brickell City Center for $1.3 billion. Other projects will improve the infrastructure and tourism like the new express train All Aboard, connecting Miami to Orlando in less than 3 hours and Skyrise Miami, our Eiffel Tower, bringing annually 3.2 million visitors to the city.
Miami real estate is booming steadily for the past few years because of the strong demand and resulted in a third consecutive record sales year and two years of double-digit price appreciation.
With a continuous improvement in the economy a historically low interest rates, Miami real estate offers great commercial and residential investment opportunities which is particularly important in a world-class global city with such an enviable lifestyle.