There are numerous reasons why Miami has increasingly become a financial destination. However, just as important are the non-financial reasons why you should invest in Miami’s real estate. Miami has very lucrative investment opportunities and despite the gradual increase in Miami’s prices, investors are still making money through good investment choices.
Putting aside all the financial benefits to invest in Miami, the city’s other attractions have also made it famous. Miami is famous as a retirees attraction, spring breakers and South Beach models, as well as a culture, fashion and arts center.
Arts and Design
Miami has recently become a prime destination for art and design enthusiasts. Miami hosts the annual Art Basel show, which is an international art event that attracts a large number of art lovers from all over the world with the number of visitors increasing every year. In addition to Art Basel, Miami city also plays host to Art Miami, Context Miami and AQUA Art Miami as well as several other art fairs and exhibitions all held in December.
Wynwood art walk is another fairly new and very high demand art event. It takes place every second Saturday of the month and features Art Institutions, Retail Businesses and Art Galleries. The streets are normally filled with large crowds out to have a fun night out while enjoying the creative juices of the city’s Art Scene.
Miami opened the Perez Art Museum Miami – PAMM in 2014. PAMM is a contemporary and modern art museum that is dedicated to collecting international art from the 20th and 21st centuries.
Culture
Miami is host to a variety of film festivals that serve almost every possible genre you can think of. The most famous is the Miami International Festival that boasts both emerging and established film makers. The Miami International Film Festival aims to foster a transformative film industry by covering a vast array of topics, and they seem to be doing this quite successfully. The Miami International Film Festival takes place in early March in theaters around the city and is produced and presented by the Miami Dade College. Other famous film festivals that take place all year round include Brazilian Film Festival of Miami, Miami Gay and Lesbian Film Festival, The Miami Jewish Film Festival, The Italian Film Festival, Women International Film and Arts Festival, DocMiami Film Festival, European Film Festival in Miami, Miami Short film Festival and a lot more.
Fashion
Miami has witnessed a recent upsurge in the fashion industry and it is now home to several high-end fashion stores. The most recent of these is the Miami Design District that is a creative and chic fashion neighborhood that includes several design stores, high-end restaurants and some of the worlds most luxurious fashion brands such as Louis Vuitton, Celine, Cartier, Pucci and Hermes. Apart from also being home to numerous high-end retail shops and the Miami Design District, some large-scale mixed-use urban projects such as the Miami World Center and Brickell City Center are also coming to town.
Restaurants
Foodies in Miami are treated to most if not all of the world’s most famous restaurants. Name any famous restaurant and we can guarantee it can be found in Miami. Miami is the place to be for foodies with big names such as Nobu, Mr Chow, Cipriani, Zuma, and the soon to be opened Bagatelle Miami.
The Job Market
Miami is more than a great holiday destination. It has a thriving business community and several business centers as more and more international companies set-up shop in the city as their prime South American hub. Miami’s economy was once famous for plastic surgeons and real estate agents but many young and educated professionals are slowly moving to Miami.
A Bloomsberg business report claimed that well over 700 multinationals have set up in Miami over the last 25 years drawn in mostly by Miami’s proximity to the Caribbean, Latin America and its multilingual workforce. Some famous multinationals you can find in Miami include Diageo, SAP, Mastercard, SAB Miller, Sony, Novartis, the BBC, L’Oreal, Maersk, Adobe, Burgerking and Siemens.
Miami is home to several international banks and has the largest concentration of international banks south of New York city. Consequently, there is a brain influx in Miami that has seen Miami’s Brickell nicknamed the “Manhattan of the South”. The banking industry normally attracts very bright minds from all over the world especially specializing in wealth and investment banking.
CareerBliss, a career site conducted a survey based on 8 factors that influence an employees contentment and concluded that Miami is the happiest place to work in the United States. The factors considered in arriving at this decision were work-life balance, general work environment, employees relationship at eh workplace with colleagues and bosses, compensation, company culture, resources and career advancement opportunities.
Sun Sand and Sea
Taking all the above points into consideration and adding the sun, the beaches and the majestic Atlantic Ocean into the picture, Miami is literally paradise.
Looking for more about Miami that is awesome? Check out our post with a video that highlights some of the amazing facts about the city of Miami.