The real estate boom in Miami is not a self-contained phenomenon as the entire economy of the Magic City has also been boom.
Here just some of the numbers that back up what everyone has been saying about South Florida over the last two years!
- The City of Miami’s tax base has grown 12% year-over-year
- Management companies in the city have transferred in over $2 trillion over the last two years
- The venture capital pipeline has grown by over 400% year-over-year
- Tax rates match that of the 1960s
The dawn of remote working and more business fully embracing a decentralized model has lead to a massive influx of business from every sector choosing to move to Miami and in turn bring up the economy with it!