Alicia Cervera Lamadrid Presents INS IDE R October 2, 2015
Miami Real Estate: A Market In Transition
Number of Units & % Sold By Neighborhood 2011 August 2015 83% 373 73% 454 Note: This data can change at anytime a new product is introduced to the market. Source: Cervera Real Estate Research
Cervera Projects: Number of Units Launched & % Sold Between Fall 2011 Spring 2015! Source: Cervera Real Estate
Source: Miami Association of Realtors Top 8 International Feeder Markets: 2011 August 2015
Dade County Population Growth and Projections!! Source: Dade County Government
Economic Drivers Miami The Newest Global Capital
Economic Drivers Finance & Banking Tax Benefits All Aboard Florida Miami International Airport (MIA) PortMiami Panama Canal Expansion & Deep Dredge Technology Education Arts & Entertainment Retail Growth
Economic Drivers Miami The Global City The Wall Street of the South Miami Global and U.S. Rankings: Second-most-important financial center in the U.S.A. following New York City The richest city in the United States for purchasing power Ninth worldwide for economic activity Sixth out of top 10 most important cities for Ultra High Net Worth Individuals in 2015 Miami Is Home To: More than 1,400 international headquarters for major corporations More than 100 financial institutions More than 150 consulates, trade offices, and Bi-National Chambers of Commerce!
Economic Drivers Miami The Global City The Wall Street of the South Top 10 Most Important Cities to Ultra High Net Worth Individuals Based on 4 Criteria: Economic Activity Quality of Life Knowledge/Influence Political Power Source: Knight Frank
Economic Drivers Tax Benefits Miami Offers Big Tax Savings: No Florida state income tax Miami is Ranked #3 in the U.S.A. for lowest personal taxes, business taxes, and sales tax
Economic Drivers - All Aboard Florida All Aboard Florida is a 240-mile, mediumspeed rail project that will connect Miami, Fort Lauderdale, West Palm Beach, and Orlando. It will create $6.4 billion USD in direct economic impact to Florida s economy over the next eight years. Service in Miami will be first to launch, with trips to Fort Lauderdale and West Palm Beach beginning in 2017. Full service between Miami and Orlando will follow. Construction is well underway on all three of south Florida stations (MiamiCentral Station, Fort Lauderdale Station, West Palm Beach Station). Source: All Aboard Florida
Economic Drivers Gateway City - Airport Miami International Airport (MIA) Ranks the 1st in Freight and 2nd for Passengers in the U.S.A. MIA generates more than $33.7 Billion USD and over 280,000 jobs every year MIA moves 40.5 Million total passengers per year including 20.2 Million international passengers MIA services more than 150 destinations worldwide! Source: Miami International Airport
Economic Drivers Gateway City Port PortMiami is the Cruise Capital of the World and the Cargo Gateway to the Americas. PortMiami is ranked as #1 container cargo port in Florida & #11 in the nation. PortMiami contributes $27 Billion USD and more than 200,000 jobs every year. PortMiami is homeport to over 36 cruise ships. In 2014, PortMiami processed 4.8 million passengers more than any other port in the world, and moved $116 Billion USD in merchandise. Source: PortMiami
Economic Drivers Gateway City Port New Cruiselines Coming to PortMiami: Virgin Cruises has selected PortMiami as the home port for its three new mid-size ships,110,000 tons. Slated for delivery in 2020, 2021 and 2022. They will host more than 2,800 guests. Norwegian Cruise Line will base its new Norwegian Escape in Miami this fall and is building three additional vessels to come in 2017, 2018 and 2019. MSC Cruises next new ship, the 4,140-passenger MSC Seaside is due in 2017 and will be homeported year-round in Miami. Carnival will homeport its 3,954-passenger Carnival Vista, debuting in 2016, in Miami year-round. Source: PortMiami
Economic Drivers Technology - Welcome To Silicon Beach According to Kaufman Foundation, Miami Ranks #1 in entrepreneurship per capita in the U.S.A. New technology companies are flocking to Miami. Network Access Point (NAP) of the Americas, a Terremark company is a Tier IV data center designed to interconnect Latin America with the rest of the world, making Miami one of the world s top-five best interconnected cities in the world, ahead of San Francisco, Chicago, and Washington, D.C. It also makes Miami the only U.S. city where
Economic Drivers - Education! Miami is a top rated center for learning and professional development. University of Miami Top 150 Worldwide Universities Top 50 in U.S.A. Attracts nearly $350 Million USD in research grants annually Home to Miller School of Medicine with top tier biomedical, genomics, neurological centers and #1 Eye Institute in the U.S.A. Florida International University 4th largest University in the U.S.A. #2 in the U.S.A. for Hospitality Management College of Business is Top 10 in the U.S.A. Top 15 in U.S.A. for International Real Estate Other Miami-Based Private & Public Universities Miami-Dade College second largest institution of higher learning in the U.S.A. Barry University Lynn University Johnson & Wales University Source: University of Miami, Florida International University
Economic Drivers Retail Growth - Design District Source: Deisgn District
Economic Drivers Retail Growth - Design District Source: Deisgn District