Known for its vibrant energy and extravagant lifestyles, Miami is a city for the investor looking to diversify into exciting and progressive opportunities. Investors from across the country have flocked to the Miami real estate market due to new tax initiatives that have stifled potential for growth elsewhere in the United States. These tax initiatives don’t often apply in Florida, which is a non-income tax state. Miami’s tropical flair and beautiful vistas have made it a hub for the arts and design. This is reflected in ever-progressive high-rise developments and incredible architecture that have begun to adorn the city’s skyline.
The real estate market isn’t the only sector on the rise in Miami’s economy. The city was ranked 8th in the country in terms of business growth as reported by the South Florida Business Journal, with a growth rate of 2%; this rate is nearly double that of the national average.
Looking for exciting investment opportunities in sunny Miami, FL? We can connect you to the top brokers of the Miami real estate market.