WHY SOUTH FLORIDA?
HOLDING TREMENDOUS PROMISE
FOR REAL ESTATE INVESTORS WORLDWIDE
As one of the most appealing places to live in the United States, South Florida holds tremendous promise for real estate investors. Due to the area’s beautiful weather, exceptional environmental settings, diverse culture and strong immigrant community, residential and commercial real estate is booming throughout South Florida, sustained by the strong desire to live and work in this heavily populated region.
WHY BUILD IN
IN SOUTH FLORIDA?
- The South Florida area is ranked as one of the world’s top markets for luxury homes.
- South Florida is being transformed from a resort-only market into an urban one that’s leading the way in luxury real estate, amenities, and prices.
- Real estate agents point to low mortgage interest rates and improving job prospects for bringing more traditional home-buyers into the market.
STATE AND COUNTY PROFILE
Located in desirable southeastern Florida, Gold Coast Florida Regional Center’s USCIS EB-5 designation covers Miami-Dade, Broward and Palm Beach counties, known collectively as the State of Florida’s “Gold Coast”. This tri-county area has an estimated population of nearly 6 million people and includes the cities of Miami, Miami Beach/South Beach, Fort Lauderdale, Hollywood and West Palm Beach.
South Florida holds tremendous promise for real estate investors. Combining beautiful weather, financial strength, exceptional environmental settings, boundless amenities, diverse population and a strong immigrant community, it is among the most appealing places to live in the United States. Residential and commercial real estate is booming throughout South Florida, sustained by the strong desire to live and work in this heavily populated region.
Profiles of Miami-Dade, Broward and Palm Beach counties are included here, along with financial and demographic information for each geographic region.
MIAMI – DADE COUNTY
Miami-Dade County is home to the cities of Miami, Miami Beach, Coral Gables, Doral, Aventura, Bal Harbour, Homestead and unincorporated locales that include Kendall, Dadeland, Westchester and numerous other popular destinations.
Miami-Dade County has an estimated population of 2.6 million people and encompasses just under 2,000 square miles (3,218 square kilometers) of land area, making it Florida’s most populous county. The county is also home to several private and public universities and colleges.
To the west, the county is home to a thriving agricultural industry that features dairy, produce, landscape nurseries and more. In fact, the land area dedicated to agriculture makes up nearly one third of Miami-Dade County’s usable land.
The City of Miami, also known as “The Gateway to the Americas,” is the eighth most populous and fourth-largest urban area in the United States. As the county seat and a major center in banking, commerce culture, media, entertainment and international trade in South Florida, the City of Miami is a highly desirable locale with tremendous economic influence. A 2009 study by UBS ranked Miami as the world’s fifth-richest city in terms of purchasing power.
The area is also widely regarded for its efforts to maintain an attractive and clean environment. In fact, Forbes magazines ranked Miami “America’s Cleanest City” in 2008 for its year-round good air quality, vast green spaces, clean drinking water, clean streets and city-wide recycling programs.
With a skilled, multilingual workforce of more than one million employees, Miami-Dade County is one of the nation’s foremost international business centers. Among the major corporations headquartered in the county are Carnival Cruise Lines, Norwegian Cruise Lines, Royal Caribbean Cruise Lines, Ryder, Brightstar Corporation, Latin Flavors, Burger King and the Latin-American headquarters for Hewlett Packard.
In addition to international business and finance, the greater Miami area’s economy is quite diverse with trade, insurance, transportation, manufacturing, construction, and travel and tourism among its key industries. The area’s many beaches, resorts, luxury hotels and cruise ships conduct business year-round.
Miami enjoys unparalleled access to the Caribbean, Central America and South America. Although at the southern end of Florida, Miami-Dade County is easily accessible from anywhere in the United States through Miami International Airport (MIA/KMIA), one of the largest airports in the United States and the world. The Port of Miami, nicknamed the “Cruise Capital of the World” for being the number one cruise passenger port in the world, is also a pivotal economic port for the United States.
Broward County sits along the East Coast of Florida, just north of Miami-Dade. Encompassing the cities of Fort Lauderdale, Plantation, Weston, Pembroke Pines, Davie, Coral Springs and Hollywood, Broward is designed to cater to the needs of both families and businesses with its sunny climate, skilled workforce, inviting quality of life and international connectivity.
The county has more than 1.8 million residents in an area of 1,200 square miles (1,931 square kilometers) stretching from the beaches and Intracoastal Waterway to the eastern edges of the Everglades.Broward County supports strong health care, pharmaceutical development, educational and service industries. The area is home to Motorola, JM Automotive Enterprises, BrandsMart USA, Kaplan University, DHL Express, Spirit Airlines and the National Beverage Corporation among other major U.S. companies.
Fort Lauderdale is the largest city in Broward County and its county seat. The city enjoys a reputation for fun, sophistication and affluent employment, making it one of the nation’s most visited travel destinations. Fort Lauderdale is known as one of the world’s yachting and boating capitals and often is regarded as the “Venice of the Americas” in part because of its extensive canal system, plentiful marinas and numerous boatyards. Cruising is one of the city’s strongest industries, with Port Everglades situated just outside the downtown city center.
The City of Hollywood is a beachfront community located in southeastern Broward County about midway between Miami and Fort Lauderdale. It is the second largest city in Broward county and is home to more than 60 parks, seven golf courses, seven miles of pristine beaches, and the one-of-a-kind Hollywood Beach Broadwalk, a promenade that stretches nearly 2.5 miles along the Atlantic Ocean. Named one of America's Best Beach Boardwalks by Travel + Leisure magazine, this brick-paved thoroughfare hosts pedestrians, joggers, bicyclists, rollerbladers, and millions of others every year. Dozens of eateries and inns line the Broadwalk and the promenade also features the Hollywood Beach Theatre, a children’s water playground at Charnow Park, and many other attractions. Historic Downtown Hollywood is a lively commercial, entertainment and cultural arts district. Highlighted by the Artspark at Young Circle and dozens of bars and restaurants, Downtown Hollywood hosts hundreds of concerts, music festivals, dance exhibitions, shows, art exhibits, and much more. Hollywood provides a hometown atmosphere with a world-class beach in the heart of South Florida.
Broward County’s public school system is routinely one of the highest-rated in the State of Florida and in the country. It’s the nation’s 7th largest school district and the largest fully-accredited school district in the U.S. with public school enrollment totaling approximately 250,000 elementary and secondary students. Private schools and parochial schools are also present in the county, as are numerous post-secondary schools, technical institutes, colleges and universities.
One of the nation’s leading airports, Fort Lauderdale-Hollywood International Airport (FLL) is the area’s major commercial hub, providing convenient service and connections to major U.S. and foreign destinations. One of the world’s busiest cruise and cargo ports, Port Everglades has earned a sterling reputation as “the world’s best cruise port” and is home to two of the largest cruise ships in the world, the Oasis of the Seas and the Allure of the Seas. Port Everglades also is gaining strength in containerized cargo and as a petroleum hub.
PALM BEACH COUNTY
A private hideaway for the wealthy in the early part of the 21st century, Palm Beach County has developed into one of South Florida’s most diverse, rapidly changing areas. It is anchored by urban living in cities such as West Palm Beach, Boynton Beach, Delray Beach and Jupiter and country-club lifestyles in cities such as Boca Raton, Palm Beach and Wellington. The county is becoming more diverse each day.
Palm Beach County has an estimated population of 1.4 million in an area of 1,977 square miles (3,182 square kilometers), making it one of the largest counties in the state. Palm Beach County is one of the nation’s wealthiest counties, with per capita personal income levels nearly 50 percent higher than state and national averages.
Leading industries in Palm Beach County include tourism, construction, agriculture, manufacturing, retail, information technologies, health care (including life care and continuing care facilities), finance and insurance. Businesses based in Palm Beach County include Florida Power & Light, The Breakers Resort, The Boca Raton Resort & Club, Office Depot, U.S. Sugar Corporation, Florida Crystals and Pratt & Whitney Rocketdyne (Aerospace).
With nearly 40 percent of the population of Palm Beach County having attained some level of college-level education, it’s not surprising that the county’s public school system is ranked among the state’s best. Residents of Palm Beach County also have accessibility to numerous universities, colleges and technical schools.
Palm Beach County’s largest airport is Palm Beach International (PBI). It was rated by the readers of Condé Nast Traveler magazine as one of the three best airports in the United States and one of the six best in the world. PBI serves more than six million passengers each year. Private aircraft are served through general aviation airports such as North County Airport, Belle Glade Airport, Lantana Airport and Boca Raton Airport.