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Fort Lauderdale’s skyline is undergoing a dramatic transformation, with taller and taller towers reshaping the city’s economic and real estate landscape. This surge in high-rise development is not just about aesthetics—it’s a powerful driver of economic growth, investment, and urban evolution. In this article, we’ll explore how these towering structures impact the economy and real estate market, backed by data, statistics, and expert insights.Economic Impact of Tall Towers in Fort LauderdaleA Booming Downtown EconomyDowntown Fort Lauderdale has seen a $35.7 billion annual economic impact, marking a $6 billion increase from 2019 levels. This accounts for 29% of Broward County’s GDP...
Miami has been making waves in the real estate world, and 2025 is no exception. According to the latest April 2025 Office National Report by CommercialEdge, Miami has emerged as the U.S. city with the lowest office vacancy rate, standing at 15.5%. While cities such as Austin (28.5%), San Francisco (26.9%), and Chicago (21.4%) struggle to fill their empty offices, Miami’s real estate sector continues to thrive. So, what’s behind this impressive statistic? Why is Miami bucking the trend while other cities struggle? Let’s break it down with data, expert...
Miami-Miami Beach has emerged as the fastest-growing employment hub in the United States, boasting the lowest unemployment rate among major metropolitan areas. This economic surge is reshaping the local real estate market, driving demand for housing, commercial spaces, and investment opportunities. In this article, we explore the factors behind this growth, its impact on the economy, and the evolving real estate landscape. Miami-Miami Beach’s Employment Boom Record-Breaking Job Growth The Miami-Miami Beach-Kendall metropolitan division recorded a 1.6% increase in nonfarm employment in March 2025, surpassing the national average of 1.2%....
Formula 1 has officially solidified its presence in South Florida, as the Miami Grand Prix contract has been extended through 2041, ensuring that this world-class event continues to boost Miami’s economy for the next decade and beyond. The decision follows the record-breaking attendance of 275,000 fans from May 2-4, 2025, reinforcing its importance to both local businesses and international motorsports. Since its inaugural race in 2022, the event has contributed over $1 billion in economic impact to Miami, with that number set to rise significantly in the coming years. But...
Coral Gables, known for its Mediterranean charm and vibrant commercial corridors, has experienced an unprecedented economic expansion in 2025. With over 10,000 businesses flourishing, the city has become a beacon of opportunity for entrepreneurs, investors, and property buyers. This surge is not just a local success story—it’s a testament to Coral Gables’ strategic planning, economic resilience, and investor-friendly environment. The Rise of 10,000 Businesses: How Did It Happen? The foundation for this boom was laid years ago through smart city infrastructure, tax incentives, and a thriving commercial real estate market....
In the last decade, Miami has emerged as one of the fastest-growing cities for millionaire population growth worldwide, now ranking No. 5 globally. With a staggering 94% increase in millionaires between 2014 and 2024, Miami has positioned itself as a premier hub for high-net-worth individuals (HNWIs) and global investors. This shift is not only reshaping the city’s economic landscape but also transforming its real estate market in profound ways. A Surge in Wealth: The Numbers Behind Miami’s Rise From 2014 to 2024, the number of millionaires residing in Miami surged...