Miami’s Vast Growth | 2019

Here in Miami, we’ve enjoyed our own winning streak of sorts: a flurry of top rankings that indicate the Magic City’s (and the Sunshine State’s) supremacy in a variety of impressive markers. Can we ride this wave all the way to the end zone of metropolitan royalty? Let’s explore in this month’s “South Florida by the numbers.”

#1: Florida’s ranking among all U.S. states at drawing in new residents and reaping the financial benefits, according to an extensive August study by LendingTree. Using IRS data from 2016, the study found that people who moved to Florida brought in a combined adjusted gross income of about $30.2 billion, a net influx of about $17.7 billion in adjusted gross income. The next closest state was South Carolina with $2.25 billion. [LendingTree]

#1: Miami’s ranking among the only four U.S. cities tracked by the Knight Frank Prime Global Cities Index in May. The index follows the movement in luxury residential prices across 45 cities globally. [KnightFrank]

#1: Miami’s ranking among fastest-growing U.S. cities, according to CityLab. Analysts at the magazine looked at the top 50 U.S. cities from 2012 to 2017, and no other city came close to Miami for job growth during that period. The number of employed people here grew 24.1 percent, far ahead of any others. [TheNextMiami]

#1: Miami’s ranking among U.S. cities in the category of growth in college graduates between 2012 and 2017, once again according to an August study by CityLab. Miami also topped the list of cities on the growth in adults with graduate degrees, with a whopping five-year growth rate of nearly 50 percent, or 10 percent a year. [CityLab]

#1: Miami’s ranking among 25 cities for starting a small business in the U.S., according to Biz2Credit’s annual survey, released in May. The report cited Miami’s numerous immigrant entrepreneurs, a transition to a gig-oriented culture, government support, and rising venture capital as factors for the city’s jump from last year’s ranking of No. 3 on this survey. [CNBC]

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You have ONE life to live. You should expect the most from it. As you create your life’s legacy—through friendships, family, and professional accomplishments—you need partners on the journey who take the time to know and understand you and your goals. Professionals who seek to find the perfect place where your dreams can live and take shape in all that surrounds you, inspires you and reflects your values. At ONE Sotheby’s International Realty, that is what inspires our mission: to give extraordinary lives a home to thrive.

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I’m connected with the world’s best luxury real estate brand and a vast global network of friends & colleagues who offer a bespoke experience wherever you are in the world. Locally, I offer the very best in real estate knowledge and client services as a master broker-associate with the leading firm, ONE Sotheby’s International RealtyWhy Sotheby’s? Because of the brand heritage, prestige, their propensity for perfection, and quite simply, the immense global reach in curating luxury goods and real estate. Since 2002, I’ve been successful in the South Florida residential market with knowledge, experience, and white-glove service that consistently exceeds expectations.

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Let’s talk  #888.38.DREAM or contact me for a curated property list of new residential opportunities matching your wants & needs here in South Florida.

The Miami Beach Real Estate Blog is an excellent resource for Southeast Florida residential real estate data, trends, and property information. South Florida’s population influx is an important factor in assisting our growth and resilience so check back often to uncover more about South Florida real estate opportunity and trends.

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An ALEXA Flash Briefing is now on Miami’s Residential Real Estate – if you’d like to hear new reports from the comforts of your home and have Amazon Alexa, simply enable and I’ll deliver the relevant news & statistics weekly simply by asking for the latest news or flash briefing!

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About Ashton Coleman

Ashton is a technology & social media savvy professional who understands the industry providing white-glove service with a wealth of experience, an impeccable reputation and a keen ability to efficiently handle all facets of real estate. Ashton’s territory has grown significantly since 2002, marketing & selling extraordinary South Florida coastal real estate from Miami Beach to Lighthouse Point. A Certified Luxury Homes Marketing Specialist (Million Dollar Guild), with a multitude of other residential certifications, Ashton provides both exceptional service and unique selling techniques. His success is attributed to an unparalleled work ethic with years of experience including top-tier professional services where the ‘art of the deal’ is mastered in contract negotiations, deal-making intricacies and the end, results-driven real estate.

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