Miami Beach. Its name says it all—and it says it all around the globe. Miami Beach is known for its pedestrian-friendly streets, trendy boutiques, unique cultural and artistic venues, and beautiful climate.
For decades, the world-famous beach resort city has drawn millions of American and foreign visitors to its shores annually. That means business is booming for Miami Beach’s hospitality industry.
A major tourism hub, the economy remains strong with record numbers of visitors still flocking to the city and spending multiplied millions of dollars on shopping, dining, hotels, and entertainment.
Although Miami Beach attracts tourists from a wide range of demographics, many who visit the city are affluent and willing to spend on luxury goods and services. What’s more, with upscale island communities like Star, Fisher, Hibiscus, and Sunset Islands within Miami Beach’s city limits, customers who spend discretionary income on luxury items are right around the corner.
A fast-growing community, several condominium projects are underway or planned for Miami Beach in the coming years. Many of these projects are mixed-use commercial real estate developments that include a residential component. That makes sense, given Miami Beach’s attraction as an enjoyable place to live, work and play.
As a vibrant and growing city with a global reputation, Miami Beach will continue to sustain its virtuous cycle of attracting visitors and attracting the businesses that cater to them.