Miami, one of the most desired cities to investJune 29, 2019
Located in South Florida, famous for the beaches and beautiful warm weather year-round, the fusion of local and foreign cultures reflected in its daily life, international connections, tax benefits, and its attractive real estate market, Miami has become one of the most desirable cities in the world for those who want to invest in the US market.
In addition to this dynamic and highly projected panorama, other data have enticed the interest of investors. Matias Alem, CEO of BRG International, a company that has been accompanying the investment processes of many foreign clients through processes of property purchases, rents, property administration, among other services, explains that there are several reasons to look at Miami as an investment destination.
“We can start by mentioning the recently announced expansion of the Miami International Airport and the construction of the American Dream Miami, expected to begin construction shortly, and it’s anticipated to eventually become the biggest mall in America upon completion, with a total cost estimated of $4.5 billion to $5 billion,” said Alem. “Only these two examples will generate more than $4 billion in investment and 30 thousand jobs approximately,” explained.
“You also need to consider the expansion of the ports of Miami and Fort Lauderdale, which are another example of the attractiveness of the city. Companies such as Royal Caribbean are expanding their terminals and investing almost $ 300 million in the process,” he concluded.
Likewise, Miami has been chosen as the ideal destination for luxurious and exclusive buildings, as the first residential tower that will be built with the Aston Martin brand by 2021. The hotel project of the Airbnb brand called Natiivo was just launched on the market, besides, the city is also home for other exclusive buildings of recognized brands such as Porshe, Armani, and Missoni.