Blog: Why Miami?Posted 03.31.2023
The old saying goes that three things are vital when purchasing a home: location, location, and location. With its pristine beaches and waters, international cuisine scene, and all-around sunny vibes, Miami ticks all the boxes. And when you dig down into other factors, the Magic City looks more and more like the ideal place to be.
If you’re looking for somewhere to start or grow a company — or to land an exciting new career opportunity — Miami should definitely be on your short list. Ranked in 2017 as the second most important city in North America for tourism, property values, and investment opportunities, Miami is a town that means business — literally. The city has given birth to more than 1,000 tech start-ups in recent years, earning it the new nickname of “Silicon Beach.” Huge companies such as Airbnb, Lyft, Google, and Twitter have headquarters here. The city’s financial reputation is booming, too. Miami now hosts around 1,400 multinational corporate offices, 73 international consulates, and 21 foreign trade offices. If you have the ambition, the opportunities are here.
Doing the Math
Financial incentive is another massive draw. The city offers a relatively low sales tax, and has lower personal and corporate taxes compared to other major U.S. cities, including New York and Los Angeles. That gives you more to spend in the Magic City on both your leisure time and your residence of choice.
A Cultural Playground
Miami works hard, but it plays hard, too. Sun-kissed beaches aside, there are plenty of stellar attractions. The city is home to Maurice A. Ferré Park (formerly known as Museum Park), where you will find the Pérez Art Museum Miami and the Miami Science Barge. For fine music, there is the new New World Symphony concert hall with its dazzling al fresco shows. And lovers of the visual arts will appreciate the internationally renowned show Art Basel, which attracted 80,000 visitors in four days. And speaking of international appeal, Miami is also a magnet for travelers the world over: In 10 years, the number of five-star hotels in the city has blossomed from seven to 45.
Residences in Miami
Now that you’re climbing the career ladder, the financial numbers add up, and you’ve got your free time planned, let’s focus on finding a place to live. It doesn’t get much better than Missoni Baia: timeless new East Edgewater condos with sweeping views of Biscayne Bay, luxury interiors, and amenities that include an Olympic-size lap pool, an elevated tennis court, and a resident-only spa.
But wherever you choose to set up housekeeping, now really is the time to buy in Miami. According to The Wall Street Journal: “With only 2,200 units remaining in the under-construction pipeline, over 75 percent of which are pre-sold (excludes projects in pre-construction sales), Integra estimates there are fewer than 550 units remaining and available in this current construction cycle.” In other words, new homes are being snapped up quickly, so what are you waiting for? Reach out to our sales team today to schedule a virtual presentation and start your life on the shores of Edgewater today!