The City of Miami- facts and figures

 

Real Estate Facts

Real estate activities, construction related or  marketing and selling realted  constitute an important part of the local economy. This incredible real estate growth for the past 5 years is a testimonial of  the emergence  of Miami as a top wordldwide city, along with New York , Los Angeles , Paris , London , Moscow or Tokyo . Real estate prices have increased more than 100% for the past 5 years. Yet it still probably of the cheapest big city, very far away behind all others. It is probably also one of the cheapest resort destination, much cheaper than Cannes or Saint Tropez in France or Portofino in Italy, or of course Monaco.

This real estate expansion  was accompanied by a strong migratory influx from northern states, Latin America and europe . It is estimated that every day 1000 people are moving in Florida . Furthermore with 85 million tourists coming every year in Florida , a large number of those decided to acquire a 2d, 3rd of 4 th home in Miami . This impressive data stimulated the miami real estate market and host of local developers joined by domestic as well as international developers started new real estate projects that reshaped the Miami skyline.

About Miami

Now 105 years old, Miami is part of the nation's eleventh largest metropolitan area. Incorporated in 1896, Miami is the only municipality conceived and founded by a woman - Julia Tuttle. According to the U.S. Census Bureau, Miami's population in 1900 was 1,700 people. Today it is a city rich in cultural and ethnic diversity with 362,470 residents, 60% of them foreign born. In physical size the City is not large, encompassing only 34 square miles.

As the gateway to Latin America and the Caribbean, Miami is a growing center of international trade and commerce. Tourism is one of the area's most important industries.

Millions of visitors flow through Miami International each year. They come to do business and enjoy the area's countless pleasures. They also join millions of others who cruise to the Caribbean from the busiest passenger cruise port in the world, the Port of Miami.

The Miami Free Trade Zone, the first and largest privately-owned and operated trade zone in the world, provides importers and exporters with a secure area to store, label, assemble, display and ship commodities to and from almost 100 countries.

Exports and imports processed through U.S. Customs in Miami have increased. Miami's workforce has grown steadily during the past decade. Approximately 160,000 new employees entered the workforce in the past 10 years.

Miami is a center of world finance with 135 financial institutions and foreign agencies located here.

The film and TV industry has experienced a tremendous economic growth, making Miami one of the largest production centers in the nation. Last year productions in the County, ranging from television commercials and print ads to music videos and films, totaled more than $200 million. The Miami-Dade Office of Film, Print and Television helps facilitate productions, and supplies the industry with no-cost permits and location scouting. The office issued more than 2,000 production permits last year.

Agriculture continues to be an important economic force. Miami-Dade County harvests more tropical vegetables than any county in the U.S. Miami-Dade also holds the title of Florida's largest producer of squash and ornamental nursery products. Miami-Dade growers are diversifying into tropical fruits and specialty Asian vegetables.

Manufacturing, which also ranks as a key industry in Miami-Dade County, is comprised of almost 3,000 companies with approximately 80,000 employees.

Some interesting statistics on Miami:

- Cruise ship capital of the world: 3,112,355 passengers in 1999.

- Third largest U.S. airport for international passengers.

- Financial Capital of Latin America and the Caribbean:
- 38 State licensed foreign bank agencies with $12.5 billion in deposits
- 13 Edge Act banks with $7 billion in deposits
- 59 Commercial banks and 11 thrift institutions with 38.8 billion in deposits

- More than 500 multinational corporations
- 61 foreign consulate offices
- 25 foreign trade offices
- 40 bi-national chambers of commerce

- Average daily winter temperature: 67 degrees (January)
- The coldest months are December through February (61 - 77 degrees)

- Average daily summer temperature: 82 degrees (July)
- The warmest months are July and August when the temperature ranges from 76 - 91 degrees

- Population: 2,253,362
- Registered drivers: 1.598,322
- Registered cars: 1,290,001
- Registered voters: 817,628
- Registered boats: 53,290

- Hotels: 277 with 35,196 rooms
- Motels: 189 with 11,937 rooms

- Broadcast Television Stations: 13
- AM Radio Stations: 15
- FM Radio Stations: 19