Miami, with a population of 5.4 million people living in the Greater Miami area, is the largest metropolis in Florida. The city has one of the most vibrant mixes of cultures in the country. A large number of immigrants from all over Latin America and the Caribbean make up the majority of the city’s population. The city has faced rapid growth in recent years as more and more immigrants and people from other parts of the country find it a great place to call home. In the last 100 years, Miami has transformed from a town of 1000 people into the massive metropolis of 5.4 million people today. The city has developed into a hub for entertainment and music. People flock to the city to take advantage of the beautiful warm weather, sunny beaches, and growing nightlife. As the city continues to grow, many different attractions and accommodations can be found that are typical of a major city: sports teams, restaurants, nightclubs, and shopping centers can all be found throughout the city.

Miami’s location on the southernmost part of the state of Florida has made it a central point for tourism. People traveling to and from Caribbean and South American countries often pass through Miami. The Miami International Airport and Miami Port are among the busiest ports in the nation. The Port of Miami is the cruise ship capitol of the world and hosts more cruise ships than any other port in the world. Many of the largest cruise ship companies have their headquarters in the city and help to employ a huge number of Miami residents. Tourism for the city itself is a major industry for the city’s economy. The numerous beaches, clubs, and restaurants are but a few of the many things to do in the city. Miami also offers such attractions as the Miami Metrozoo, Seaquarium, and the Miami Museum of Science. Read more »

Businesses located in Miami have been strongly influenced by the large number of different countries represented in the city. The International effect on businesses in the area has been a growing number of international banks and companies that operate outside the U.S. The city is also home to a large number of corporations’ Latin American operations because of its close proximity to such countries. Major companies like, American Airlines, Cisco, Disney, Exxon, and Microsoft all have their Latin American operations located within the city. Strong business has helped to provide thousands of jobs for residents living in the area. As the American economy continues to struggle, International companies have managed to fair well and help to retain jobs for the Miami job market.

Sales Trends
At one time, Miami was one of the most sought after housing markets in the country. Abundant jobs available and a growing interest in the Miami culture brought thousands of new residents into the area. Condominiums all along the coast were sold rapidly as more young people moved to the area. The market has slowed down in recent years as jobs begin to thin and home prices fall. The Miami housing market is still making sales at 7,846 in 2008; but not at the levels it saw before. Experts believe that the Miami market will take off again as tourism and other business sectors begin to pick up again.  « Close »