WASHINGTON, D.C. – October 22, 2015 – (RealEstateRama) — Miami has evolved into one of the world’s top places for commercial real estate investment, and the area’s population boom, tourist growth, and infrastructure improvements should only lead to more expansion, a prestigious panel of speakers said at the 15th annual Commercial Super Conference hosted by the Realtors Commercial Alliance
MIAMI — Miami has evolved into one of the world’s top places for commercial real estate investment, and the area’s population boom, tourist growth, and infrastructure improvements should only lead to more expansion, a prestigious panel of speakers said at the 15th annual Commercial Super Conference hosted by the Realtors Commercial Alliance of the MIAMI Association of REALTORS® (RCA MIAMI).
The “Growth of a Global City: Miami 2015-2030” Super Conference featured 21 speakers on Oct. 2. More than 150 RCA MIAMI members packed the historic Biltmore Hotel in Coral Gables to listen to six engaging panels: Miami’s global investment, its 24-hour city status, sea level rise, Downtown Miami’s renaissance, emerging neighborhoods, and the changing face of retail.
“The 15th annual RCA MIAMI Super Conference emphasized just how well Miami is positioned for continued commercial real estate growth,” said Barbara Tria, the 2015 MIAMI Association of REALTORS® (MIAMI) Commercial President and a Broker-Associate at Kerdyk Real Estate in Coral Gables. “South Florida is spending billions of dollars to improve its highways, roads, and ports. The expenditures will ensure Miami continues attracting private banking, hedge funds, private equity firms, crowdfunding, venture capital, startups, and other commercial ventures.”
Population, Entrepreneurial Growth Driving Commercial Activity
Miami-Dade County’s continued population and tourism growth is fueling much of the region’s retail and commercial growth, multiple Super Conference speakers said. Miami-Dade ranks among the five-fastest growing regions in the state, according to recent U.S. Census figures. From 2013 to 2014, Miami-Dade added 21,008 new residents and now has a population of 2.68 million.
“In the next 15 years, we’re going to hit 3 million people living here,” said Jack Osterholt, Miami-Dade County’s deputy mayor who delivered the Super Conference keynote address. “People come here because we are a center for technology and industry… So we’re very excited for the next 15 years. We’re on the verge of all kinds of growth and change.”
A global business hub, Miami is perennially adding entrepreneurs in various fields. Earlier this year, the Kauffman Foundation ranked Miami as the second-best large metro in the nation for startup activity. South Florida creates 520 new entrepreneurs each month. Only Austin, Texas (550 new entrepreneurs monthly) created more.
“We always seem to rebound better in Miami,” said Mindy McIlroy, the executive vice president for Terranova Corp. said at the conference. “Even in a down economy, the attraction to Southeast Florida doesn’t reduce. Tourists will still come here. Miami is still a gateway city to Latin America. Because of that our population growth continues to go up, and retail follows that.”
For a complete photo gallery from the 15th annual RCA MIAMI Super Conference, visit: https://www.flickr.com/photos/rambmiami/sets/
About RCA MIAMI
The REALTORS Commercial Alliance of MIAMI (RCA MIAMI) seeks to serve commercial members and to shape and unify the commercial real estate brokerage and service industry in South Florida. With nearly 2,000 members, RCA is the only association of REALTORS dedicated exclusively to commercial real estate interest throughout Miami-Dade County. The Alliance provides member services, including a legislative voice, education opportunities, a code of ethics, and networking opportunities that provide enhancement of the commercial REALTORS knowledge base and ability to service their clients. RCA MIAMI participation facilitates networking opportunities. The Alliance hosts the Annual Commercial Super Conference and Expo, the largest commercial expo in South Florida.
About the MIAMI Association of REALTORS®
The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 95 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of five organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, the YPN Council and the award-winning International Council, it represents more than 40,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S., and has official partnerships with more than 125 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.