Art, music, finance and fashion converge in what has become a top US destination city. Miami’s downtown skyline reflects the latest trend in South Florida Real Estate. New highrise condominiums sit along Miami’s urban center on Biscayne Bay and outlying neighborhoods.
Real estate has become more of a global market and Miami is seen as an entry point. As a result most of the new buyers are not local. In addition, baby boomers are becoming empty nesters looking for a second or third home. According to the Miami Herald, more than 100 development projects are in construction or in the planning stages. That is an estimated 61,000 new individual condominium units.
Soon to be gone are the days of rundown blocks and dilapidated buildings. Miami has become a dynamic international city.
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