South Florida by the numbers: Good news from 2016 (and beyond)

Miami /
Dec.December 16, 2016 08:45 AM

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

Here at South Florida by the numbers headquarters, we are eager to flip the calendar on a challenging year for Miami real estate, American political discourse, and the horror of Pokeman Go. The world marked the passing of many notable figures over the past twelve months, such as Muhammed Ali, Prince, David Bowie, John Glenn, Gene Wilder, Glenn Frey, and Garry Shandling, while locally, the deaths of Fidel Castro, Jose Fernandez, and Janet Reno made huge impacts on our community.

We prefer to end the year with a “silver lining” kind of vibe, and tracked down some figures that highlight the good 2016 news for Miami’s real estate community, and hope for an even brighter 2017. (And beyond.) Happy Holidays and New Year from everyone at The Real Deal, the Master Brokers Forum, and South Florida by the numbers!

100 miles: Distance from South Florida maintained by Hurricane Matthew, as it tracked along Florida’s east coast in October. While some models suggested that the storm would hit the region as a deadly Category 4, a late northern shift spared us from the brunt of the hurricane. [NBC6 News]

2020: Year that the newly renovated and named Hard Rock Stadium will host Super Bowl 54, as announced in May. Team owner Stephen Ross invested nearly $500 million to renovate the stadium, which helped seal the deal for the National Football League’s decision-makers. The game will culminate the NFL’s centennial anniversary. [Miami Herald]

500,000 square feet: Size of Swire Properties’ Brickell City Centre, an extraordinary outdoor shopping center anchored by Saks Fifth Avenue and a movie theater, which opened in November. The mixed-use facility will also feature hotel, office, and residential components that have opened or are set to open soon. [The Real Deal]

$300,000: Expected raise (from $500,000 to $800,000) of the minimum investment requirement for EB-5 visa seekers, under a possible bill anticipated to pass under the new Trump administration. Just last week, the controversial program was extended by Congress until April 2017, allowing more time for a new bill to pass. The program has made a major impact in South Florida real estate, supporting development of several prominent hotel, condominium, and office projects. [The Real Deal]

70 percent: Rate completed of the Brightline’s Phase 1, which will take commuters from West Palm Beach to Miami in roughly half the time it takes to drive. The high-speed rail service is set to open in summer 2017, with the hopes of whisking travelers through the region and avoiding traffic-choked highways and roads. (A second phase, which would extend the Brightline to the Treasure Coast and Orlando, now faces an uncertain future, after the U.S. Department of Transportation withdrew approval of $1.75 billion in rail bonds.) [WPTV]

This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.


Related Articles

arrow_forward_ios
2955 Northeast Seventh Avenue and Arte Surfside and Arrington's Coral Gables mansion (Google Maps, Arte, James Irwin / ONE Sotheby’s International Realty)
South Florida by the numbers: The mainstreaming of cryptocurrency
South Florida by the numbers: The mainstreaming of cryptocurrency
Eddie Irvine with 424 Rivo Alto Drive, Miami Beach and Johnny Gray with 176 Spyglass Lane, Jupiter (Getty, Google Maps)
South Florida by the numbers: Formula One revs up Miami real estate
South Florida by the numbers: Formula One revs up Miami real estate
(iStock)
South Florida by the numbers: Here comes the money
South Florida by the numbers: Here comes the money
From left: Don Peebles, Tenisha Williams, Robert F. Smith and Teri Williams (Getty, Linkedin)
South Florida by the numbers: Black achievement in real estate and business
South Florida by the numbers: Black achievement in real estate and business
Miami Mayor Francis Suarez and SoftBank Group COO Marcelo Claure. (Getty)
South Florida by the numbers: Big Tech and Wall Street head to South Florida
South Florida by the numbers: Big Tech and Wall Street head to South Florida
From left: Jared Kushner, Ivanka Trump, Joshua Kushner, Karlie Kloss, Pharrell Williams, Tom Brady and Gisele Bündchen (Getty, iStock)
South Florida by the numbers: Household names play house in Miami
South Florida by the numbers: Household names play house in Miami
Joe Biden and Donald Trump (Getty)
South Florida by the numbers: 2020 presidential election and real estate
South Florida by the numbers: 2020 presidential election and real estate
(iStock)
South Florida by the numbers: Miami millennials
South Florida by the numbers: Miami millennials
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...