Property CityMiami

Miami’s creativity is powered by its arms-wide-open acceptance of newcomers.

Miami’s natural attributes have always captured the world’s imagination and crystalized its hedonistic brand. The city ranks #23 globally in our Outdoors subcategory, and, subsequently, #7 for Instagram Hashtags showing off all those natural attributes.

But it’s Miami’s openness to immigrants (and, more recently, the LGBTQIA+ community and Silicon Valley migrants) that has people buzzing. The city has the highest percentage of foreign-born residents in America (which is saying something) and, increasingly, a new distributed workforce continues to arrive to work (and play) from home here.

Even with recent tech and crypto meltdowns, Miami ranks an impressive #36 on the planet for start-ups in town, and is hanging in with $400 million raised by local businesses in Q2 2023, according to Pitchbook. All that talent and down payment money is looking to buy in and housing costs are defying gravity (and interest rates).

Residential buildout is everywhere and two luxury projects in particular will change the skyline. The 1,049-foot Waldorf Astoria Hotel and Residences is predicted to be the tallest residential tower south of New York when completed in 2027. The Residences, a 70-story luxury condominium tower, is scheduled to begin construction this year.