At the beginning of 2022, the Financial Times dubbed Miami ‘the most important city in America.’ The key takeaway: The world has South Florida squarely in its sights…and real estate, in particular, is in ultra-high demand. The lure of South Florida’s beauty, breezes, and warmth has touched the hearts and souls of newcomers from across the globe. Permanent residents, as well as casual annual visitors, each carry treasured memories of their first introduction to not only South Florida’s wonderful climate, but also to its eclectic culture. The magnetic draw of the area’s communities to new friends has never been more pronounced than what has been witnessed over the past 24 months. Yes, the global pandemic has certainly highlighted the many benefits of planting deeper roots within the borders of this Miami to Palm Beach slice of paradise, but the draw today is now much more complete. What adds to the unique appeal is the bonus of having a myriad of world-class amenities and venues at one’s fingertips – all of which give residents and visitors access to much more beyond the shoreline. Here, you can enjoy year-round entertainment, nightlife, fine arts, recreational activities, and access to shopping – including two of the most popular retail destinations in the world: Aventura Mall and the Bal Harbour Shops.
International Hub for Business
While South Florida’s beaches served as a “billboard” during the postwar boom of the 50’s and 60’s, enticing domestic tourists and part-time residents to join us for “sun and fun,” the area has now become a global magnet offering a bevy of industries and services. With this wonderful location as its backdrop, South Florida’s worldrecognized centers for finance, technology, healthcare, hospitality, fashion, the arts, and higher education have become the foundation for a burgeoning economy – all interconnected with rich cultural diversity. Adding to its unmistakable draw, Miami – which recently hosted Bitcoin 2022 (known as “the biggest Bitcoin event in the world”) – is also on its way toward becoming the “Crypto capital of the world.” According to PitchBook, crypto venture deals within the City skyrocketed to $745 million in 2021 – up from $6 million in 2020.
Since the passage of the new tax law in 2018, people from across the country have been looking to take advantage of Florida’s favorable tax policies. Florida is one of only seven states in the country that does not have state income tax. Living in the Sunshine State also offers a host of other tax benefits: no estate tax and a favorable tax code for businesses.
Lux & Leisure
Will it be kicking back and relaxing on the beach? Or, would you prefer a shopping spree in the Design District? If you simply can’t get enough sun, sand, great weather, and vibrant urban culture, then South Florida will make you feel right at home. The lifestyles range from those centered around yachting to sampling the diverse local cuisine. Enjoy acclaimed events, sport championships and tournaments that draw hundreds of thousands of visitors each year, such as the Miami Open, eMERGE Americas Technology Conference, the SOBE Wine & Food Festival, Art Basel Miami Beach, Art Miami, and The Miami & Fort Lauderdale International Boat Shows. The night scene in South Florida is just as diverse as the people who make up its culture. Each and every area is unique and offers its own hotspots where you can enjoy nearly limitless options in bars, lounges, and nightclubs – such as LIV at the Fontainebleau Hotel in Miami Beach, or The Wynwood Arts District and Downtown Miami. No matter a person’s interests, Miami has a unique set of recreation and entertainment options that rival those found in other major cities worldwide.
On the Rise
The Miami skyline has increasingly given way to an architectural evolution in recent decades – chiefly within the last several years. A shift from its distinctive Art Deco roots has yielded an impressive array of designs by a host of international architects. From museums to condominium towers, the current landscape reflects the ingenuity of top talents whose creations are some of the most lauded worldwide. Condominiums by Pritzker Prize-winning architects now dot the horizon along with ultra-high-end branded-condominiums – from Zaha Hadid’s One Thousand Museum Residences and the Herzog & de Meuron-designed Jade Signature to Porsche Design Tower, The RitzCarlton Residences, and Residences by Armani Casa…the list is seemingly endless.