Downtown Miami’s full-time population has increased to
nearly 90,000, that’s up to 32% since 2010 and 150% since 2000. What does this
mean? What a new report by Miami Downtown Development Authority has confirmed: Young professionals are
moving and investing on new businesses in Downtown Miami. Restaurant
openings, cranes, and traffic snarls are not just a coincidence.
Out of this 90,000 people increase, about half
of them are young professionals between the ages of 20 and 44. They have
filled more than 20 new residential towers, built since the last real estate
boom.
Whitney McLees, a 30-year-old woman who recently moved
to the new Melody Tower, in downtown Miami, said: “There are restaurants and
stores popping up all over, and I feel like millennials are really driving that
energy.”
It’s not a supposition, but a fact, that Downtown
Miami is growing as days pass by. This is why it has become a great city to
invest in, since it grows more economically stable every day. Brickell
is one of those places that should come to mind when thinking about investing. It’s
a very good deal to buy a property and then lease it to generate annual profits.
And since it’s growing daily, you’ll be almost always guaranteeing a rental
income from that property.
