Nowhere else in the US are 45% of all visitors from abroad. The top 5 countries from which visitors came in 2016 are:
South Americans make up 26% of international visitors to the region, led by:
Europeans make up approximately 25% of the international visitors to the region, led by:
Miami is also a top domestic destination, with visitors coming from all across the country. The top 5 cities from which visitors came in 2016 were:
Notably, New Yorkers make up 26% of all domestic visitors!
fDi Intelligence (Foreign Direct Investment) is a specialist division of the Financial Times that published “American Cities of the Future” which ranked New York City #1 and Miami #9 among the leading North American cities of the future. fDi analyzes the cross-border greenfield investment for each city as part of their analysis. New York and Miami ranked well given the large number of foreign direct investment projects that have occurred in the city over the past few years. This will no doubt continue. Miami also ranked very highly in the following areas within the analysis:
Downtown Miami is finally becoming relevant as it evolves into an entirely new city with a landscape of cutting-edge skyscrapers. In fact, Downtown Miami is now emerging as one of the country’s fastest growing urban centers, the product of significant increases in population growth and commercial activity over the past two decades.
Not only is Miami undergoing a renaissance, Miami Beach has been one of the nation’s pre-eminent waterfront resorts in the world. For nearly a century Miami has been a second-home choice for the rich and famous, first with its waterfront mansions and more recently with its luxury condos. More recently, however, a huge transformation has taken place on Miami Beach, most notably, north of South Beach all the way to Hollywood Beach. This transformation has made more of Miami Beach (and its environs) a great place to have a permanent residence or a second or third home.
As is well known, South Beach attracts a very international crowd, so property prices are generally much higher on the “The Beach” than in Downtown Miami, since demand is international and supply is constrained. For instance, the Faena penthouse sold for $60 million in Mid-Beach, whereas one can find a $500K condo in central South Beach, quite a variance. T
Areas north of South Beach have developed such that they are now viable alternatives to owning in South Beach. Take, for instance, Mid-Beach, which has added a number of great oceanfront properties such as the Gansevoort Residences, Caribbean, newly-imported British hotspot SoHo Beach House, and the refurbished Fontainebleau and Eden Roc hotels.
Farther north, Bal Harbour has regained its standing with the addition of the gorgeous One Bal Harbour and the new ultra-luxurious St. Regis Bal Harbour Hotel and Residences, set to open at the beginning of 2012.
Finally, even the area north of Bal Harbour has become a viable option for many with the addition of some of the most cutting-edge buildings in South Florida – Jade Beach and Jade Ocean – or the more reasonably priced Trump Towers. Even Hollywood, a few more miles north, is an option for many now, with the arrival of the Westin Diplomat Hotel and Residences, Trump Hollywood, and the brand new pre-construction luxury development of Apogee Beach, which starts at only $375 per sq. ft. (or $4,036 psm).
Miami is the 7th most populous county in the United States with an estimated population of 6 million people. In 2016, UBS ranked Miami as the 4th richest city in the world based on purchasing power. Miami also ranks 11th in the US when it come to GDP.
While tourism continues to be one of Miami’s principal industries, Miami is a major center in finance, commerce, culture, media, entertainment, the arts and international trade.
Per Square Meter
Per Square Foot
#9) Hong Kong
#17) New York
|City||Per Square Meter||Per Square Foot|
|#9) Hong Kong||$27,300||$2,539|
|#17) New York||$22,600||$2,102|
|#36) Madrid||$10,500||$ 977|