UPDATE
2022 Q3
SOUTH FLORIDA'S 4 FEEDER MARKETS
#1 CLIMATE (SECOND HOME / PERMANENT RESIDENCES)
#2 LATIN AMERICA
Latin America
ANDRÉS LÓPEZ OBRADOR
President of Mexico
NICOLÁS MADURO
President of Venezuela
GUSTAVO PETRO
President of Colombia
GUILLERMO LASSO
President of Ecuador
DINA BOLUARTE
President of Peru
LUIS ARCE
President of Bolivia
LUIZ INACIO LULA DA SILVA
President of Brazil
ALBERTO FERNÁNDEZ
President of Argentina
GABRIEL BORIC
President of Chile
#3 2017 TAX REFORM RELOCATION
STATES THAT BENEFITED THE MOST
FLORIDA
TEXAS
CALIFORNIA STATES THAT BENEFITED THE LEAST
NEW YORK
FLORIDA IS
DESTINATION FOR HIGH NET WORTH INDIVIDUALS FLORIDA 20,263 5,356 5,268 2,624 4,713 2,331 3,967 2,055 2,743 1,503 TEXAS IN THE U.S. MAKING OVER $200,000 ANNUALLY
REPORT BY SMARTASSET & IRS DATA ARIZONA NORTH CAROLINA SOUTH CAROLINA TENNESSEE COLORADO NEVADA IDAHO UTAH 2022 NET MIGRATION HOUSEHOLDS
#1
SOURCE:
#4 SOUTH FLORIDA'S CORPORATE RELOCATIONS
May 2022
"In the past 19 months, 122 companies have either expanded or opened main or regional headquarters within city limits, according to figures released by Venture Miami, an economic initiative affiliated with the office of Mayor Francis Suarez."
IN THE NEWS
122 CORPORATE RELOCATIONS HEADQUARTER RELOCATIONS REGIONAL RELOCATIONS 27 95
MIAMI MAYOR FRANCIS SUAREZ
AVG DAYS ON THE MARKET FOR SINGLE FAMILY HOMES AND CONDOS IN MIAMI-DADE, BROWARD AND PALM BEACH COUNTIES
2018 99 2019 104 2020 105 2021 86 2022 SOURCE:
53
MLS
Total Active Listings for Single Family Homes and Condos in Miami-Dade, Broward and Palm Beach Counties
32,811 Q3-2020 Q3-2021 Q3-2022 18,686 19,946
SOURCE: MLS
32 CONDOS TOTALING 5,408 RESIDENCES FORT LAUDERDALE SUNNY ISLES BEACH NORTH BAY VILLAGE BAY HARBOR ISLANDS MIAMI BEACH / SOUTH BEACH COCONUT GROVE BRICKELL DOWNTOWN MIAMI BISCAYNE CORRIDOR DESIGN DISTRICT MIDTOWN WYNWOOD 6 2 1 5 5 2 4 3 4 Traditional Condos (NO DAILY RENTALS)
20 YEAR CONDO
DELIVERY ANALYSIS FOR TRADITIONAL CONDOS
2001 - 2010 275 # OF BUILDINGS PREVIOUS CYCLE LAST CYCLE CURRENT CYCLE 2012 - 2020 123 58,953 19,465 2021+ 32 5,408
IN THE NEWS October 2017 Aston Martin Residences Break Ground In Miami 391 Residences | 66 Stories
TAKEAWAYS
1.
CONTINUED POPULATION GROWTH
2.
3.
SUPPLY SHOCK REMAINS 122 U.S. COMPANIES COMING TO MIAMI
2022 Q3
UPDATE