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Alicia Cervera Lamadrid Presents
INSIDEROctober 2, 2015
Miami Real Estate: A Market In Transition
Number of Units & % Sold By Neighborhood 2011 – August 2015
Source: Cervera Real Estate Research
73%454
83%373
Note: This data can change at anytime a new product is introduced to the market.
Cervera Projects: Number of Units Launched & % SoldBetween Fall 2011 – Spring 2015
Source: Cervera Real Estate
!
Top 8 International Feeder Markets: 2011 – August 2015
Source: Miami Association of Realtors
Dade County Population Growth and Projections
Source: Dade County Government
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Economic DriversMiami The Newest Global Capital
Economic Drivers
Finance & BankingTax Benefits
All Aboard FloridaMiami International Airport (MIA)
PortMiamiPanama Canal Expansion & Deep Dredge
TechnologyEducation
Arts & EntertainmentRetail 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 CityThe Wall Street of the South
Source: Knight Frank
Top 10 Most Important Cities to Ultra High NetWorth Individuals Based on 4 Criteria:
Economic Activity | Quality of Life | Knowledge/Influence | Political Power
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, medium-speed rail project that will connect Miami,Fort Lauderdale, West Palm Beach, andOrlando.
• It will create $6.4 billion USD in directeconomic impact to Florida’s economyover the next eight years.
• Service in Miami will be first to launch,with trips to Fort Lauderdale and WestPalm Beach beginning in 2017. Fullservice between Miami and Orlando willfollow.
• Construction is well underway on allthree of south Florida stations(MiamiCentral Station, Fort LauderdaleStation, 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 Passengersin 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 – PortNew 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 morethan 2,800 guests.
• Norwegian Cruise Line will base its new Norwegian Escape in Miami this fall andis 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 2017and will be homeported year-round in Miami.
• Carnival will homeport its 3,954-passenger Carnival Vista, debuting in 2016, inMiami year-round.
Source: PortMiami
Economic Drivers – Technology - Welcome To Silicon Beach
• According to Kaufman Foundation, MiamiRanks #1 in entrepreneurship per capita inthe U.S.A.
• New technology companies are flocking toMiami.
• Network Access Point (NAP) of theAmericas, a Terremark company – is a TierIV data center designed to interconnect LatinAmerica with the rest of the world, makingMiami one of the world’s top-five bestinterconnected cities in the world, ahead ofSan Francisco, Chicago, and Washington, D.C.It also makes Miami the only U.S. city where
Economic Drivers - Education
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 EstateOther 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
Miami is a top rated center for learning and professional development.!
Economic Drivers – Retail Growth - Design District
Source: Deisgn District
Economic Drivers – Retail Growth - Design District
Source: Deisgn District