GP Presente en una Nueva Edición del Miami Business Tour Organizado por SG

From October 30th to November 3rd, Miami, Florida, in the United States, played host to the Miami Business Tour, organized by SG. A select group of entrepreneurs, business owners, brokers, realtors, and investors gathered at the Hyatt Centric in Miami to dive into an immersive experience alongside a community of global business leaders, all focused on elevating the Real Estate business. 

Reading time: 2 minutes. 

Over five days of intense activity, the delegation explored various ventures, toured strategic areas, assessed different business models, and got up to speed on local and regional indicators and trends. 

The spotlight was on Florida's real estate sector development and the sustained growth of the "Build to Rent" model. Multifamily developments, as a tangible asset of the real economy, stand out as a diversification alternative to protect capital against market volatility and inflation. 

Learn more about the multifamily model here. 

"Florida is the fastest-growing state in the U.S., adding an average of 1,000 people per day. This is due to a net influx of more than 3 million people over the past decade, many of whom come from high-tax and high-cost-of-living states like New York, California, and Illinois. This creates a strong demand for housing, especially multifamily apartments that offer affordability, convenience, and amenities," stated Santiago Perez, a member of the Business Development team at the Studio who participated at the event. 

The asking rent for multifamily apartments in Florida saw a 17.4% year-over-year increase, compared to the national average of 11.3%, while the vacancy rate for multifamily apartments stands at 3.4%, compared to the national average of 4.6%. In 2021, 603 multifamily properties were sold in Florida, reaching a total of $11.4 billion in sales, more than double the previous record of $5.5 billion set in 2016. 

The event's main takeaways highlight the qualitative transformation of Florida's Real Estate sector, driven by exponential development that has created a rich ecosystem of opportunities. Urban planning and Real Estate business are now at the forefront in a transforming city that is moving away from a vacation model to embrace the characteristics of a metropolis.