Miami Claims Top Spot in New Economist Index: A Transformative Shift in Power DynamicsJune 16, 2023
In a recent release by The Economist, Miami has emerged as the top-ranking city in a new index evaluating the performance of ten global cities over the past few years.
The index, which examined four crucial metrics, including population growth, GDP growth, office vacancies, and housing prices, analyzed data from the previous three years.
Miami’s real GDP demonstrated a remarkable increase of 10.6% since 2019, and housing prices surged by an impressive 39.5% during the same period.
While there were some challenges, with a reported decrease in population by 1.6% and an increase in office vacancy rates by 2.3%, Miami’s overall performance outshined other cities. Singapore secured the second position in the rankings, while San Francisco was at the bottom of the list. New York claimed the fourth spot.
An accompanying article highlighted the significant efforts of local leaders in attracting financial businesses such as Blackstone and Citadel to Miami, further bolstering the city’s thriving status.