Downtown Miami, una estrella en ascenso en la galaxia de ciudades florecientes
Zoning: In the past two years, investors have acquired $3.2 billion of real estate along Flagler Street and surrounding streets. Almost half of that capital comes from New Yorkers who have acquired at least 1.3 million square feet of building space and at least 1.1 million square feet of land between the Miami River and Northeast Sixth Street and between I-95 and Biscayne Bay. One reason for this surge of investment is due to the zoning overhaul, which created Miami 21. Miami 21 allows for the most mixed-use developments, stories, and units-per-acre possible.
Demographics: Downtown Miami is growing fast, becoming younger, wealthier and more educated. In 2018, more than 92,200 people called greater downtown Miami home, up nearly 40 percent since 2010, and expected to exceed 109,000 by the year 2021. The median household income is also increasing, up 55 percent since 2010. A significant chunk of these residents are young professionals with disposable income. They seek an urban core lifestyle, choosing to live downtown over the beaches or Brickell. New services and development are pouring into downtown Miami to meet the needs of the shifting demographics.
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