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Miami Population Growth & GDP Increases

May 8, 2019

The Miami-Fort Lauderdale-West Palm Beach area is among the highest population growth of any metro area since 2010, according to Census data released last month. Miami-Dade alone has added 263,568 people since 2010, despite nearly all developable land being built out long ago. The county surpassed Dallas in the top ten ranking of most populous counties this decade. – The Next Miami

Population growth in Miami is fueled by international arrivals and now, with no state or local income tax (SALT) larger numbers of Californians and north-easterners are making the move. With developing infrastructure, large events, a thriving business environment, a relatively low cost of living, and a significant cultural diversity Miami is attracting a more dynamic population. In total, there were 6,198,782 people in the area as of July 1, 2018.

If you are interested in learning any more about the socio-economic research and drivers that are fueling the rapid population expansion, please reach out to us. As always, we remain available 7 days a week. You can either call or text us as (305) 204-8800 anytime.

Business-Friendly Environment

Miami has become a true megalopolis and hub for business, finance, commerce, media, entertainment, arts & international trade; no state income tax; home to nearly 1,200 multinational companies from 56 nations; more than 100 international consulates, trade offices & bi-national chambers of commerce. – Miami Realtors

Innovation is flourishing throughout Miami-Dade as creative professionals, entrepreneurs and investors take advantage of the area’s solid business platform to launch collaborative new ventures. Meanwhile, leaders in the public and private sectors are committed to fostering growth in key sectors — aviation, banking and finance, creative design, life sciences and healthcare, technology, tourism, and trade and logistics — by highlighting Miami-Dade’s many competitive advantages. – SFBJ

Major Events

Art Basel – Art Basel in America at Miami Beach ranks as the premier art show of the Americas offering a premier platform for renowned artists and galleries.
Miami Yacht Show – The in-water display of new and pre-owned vessels will showcase the world’s most extraordinary and uniquely designed yachts and superyachts from the world’s foremost custom boat builders.
F1 – Formula 1, the pinnacle of world motorsport, will light up downtown Miami next month when the city plays host to the final F1 Festival of 2018. Taking place on Saturday 20th and Sunday 21st October, the event will run alongside the Formula 1 Pirelli 2018 United States Grand Prix in Austin, Texas.
Watches & Wonders – with over 28,000 attendees over the 3-day program, visitors discovered the latest collections from 30 of the world’s leading watch and jewelry maisons.

Culture

Miami is an art lover’s paradise, home to cutting edge arts districts, internationally-acclaimed art shows, and countless galleries and museums. Enjoy live music, dance and theater performances in venues designed by world-renowned architects, or catch a film or festival while you visit.
Home to dance, film, theatre, music, and art festivals, each year Miami attracts a larger crowd.

Infrastructure

PortMiami – this crucial infrastructure has an economic impact on the city worth $41.4 billion annually and contributes directly or indirectly to the creation of 324,000 jobs. PortMiami will invest $1 billion to accommodate Post-Panamax ships.

Train – The train formerly called Brightline will eventually connect Miami International Airport to PortMiami, where Virgin Voyages is planning a new 100,000-square-foot terminal.

Miami Avenue Bridge Improvement Project – Bridge improvement activities included the repair and replacement of bridge structures and electrical components and the installation of new navigation lighting.

The Underline – Rendering of The UnderlineThe Underline will transform the land below Miami’s Metrorail into a 10-mile linear park and urban trail to improve pedestrian and bicycle safety, create hundreds of acres of green space and will generate significant economic impact.

Miami Intermodal Center – The Miami Intermodal Center (MIC) Program includes the construction of the MIA Mover, Rental Car Center, Miami Central Station and major roadway improvements.

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