Census, at the end of , Downtown Miami had 92, residents up from 40, residents in , more than doubling over eight years. Today, population growth continues. According to the Miami Downtown Development Authority, Downtown Miami will continue its ascent, topping , residents by the end of , a remarkable compound growth rate of 6 percent per year!
This leads everyone to have a more active outdoor lifestyle whether you enjoy the year round beaches, water sports on Biscayne Bay, running, tennis, golf, and even just walking. Hand in hand with population growth, Miami has grown up culturally since the party days of the s.
Now the city has many cultural offerings, with much centered around the arts. The Design District neighborhood has exploded with high-end fashion labels and Wynwood Walls attracts a hipster crowd, with its many outdoor art installations, restaurants, and bars. Finally, Art Basel has put Miami on the map, attracting some of the wealthiest people on earth during the first week in December every year.
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Millennials appeared to make up the bulk of people moving throughout the pandemic. A third of people who moved during said it was due to the coronvirus pandemic. Her reasons were simple. I've already given away all my shovels. Bonnie Heatzig a real estate agent in South Florida, said that the largest influx of New Yorkers looking to move there came at the end of There were people who were saying, "I really want to come down to Florida.
I want to accelerate my plans. The most common buyer from New York, she said, were from Manhattan, with many still keep a second home in the city, but some are seeking to make Florida their permanent home. For the website Move. New York, on the other hand, ranked the second highest state where people were leaving for other locales, trailing only behind California. Nearly a third of the people it surveyed said the move was prompted by coronavirus concerns, and the largest demographic of people who moved were those in the age range, with 33percent of the respondents, with the second largest in the age range at 32percent.
For New Yorkers, in particular young ones, the county of Palm Beach was by far the most popular destination, receiving 14, New York transplants from to , with Broward and Miami-Dade counties trailing with 8, and 8, respectively, the Post also reported. Palm Beach pictured has been the most popular destination for New Yorkers migrating south.
By late , Palm Beach had seen a dramatic transformation from the influx of New Yorkers, with many appearing to be young families. Many of those moving to county are young families no longer interested in the complications of living in New York City at such a perilous time, with a Sotheby's Realtor claiming in December that the median age in Palm Beach was 'dropping faster than SpaghettiOs from a toddler's highchair,' Bloomberg reported.
The changes taking place in Palm Beach are echoing the changes the Hamptons saw in the s as finance workers began to shape the region into what it looks like today. During the coronavirus pandemic, Sarah Wetenhall even redesigned parts of the Colony Hotel to make it more friendly to the influx of families moving to the area, adding de Gournay wallpaper and making some of the furniture stain-proof.
Palm Beach Day Academy, a co-ed private school for Pre-K to ninth grade students, has added 65 new students from the northeast United States over the last several months of Additionally, the demand for nannies and housekeepers has grown with the influx of young families from New York.
The Wellington Agency, a domestic staffing agency with outposts in both New York and Palm Beach, is training new hires over Zoom before they begin working with wealthy clients for the first time.
There are no signs that New Yorkers are going to stop planting their roots in Palm Beach anytime soon, either. Meanwhile, Goldman Sachs may be looking to move their asset management division to Palm Beach, though not everyone is a believer in the rumor. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.
Manhattan saw 4. On the other hand, four of the top five fastest-growing cities were in the major Florida hubs of Orlando, Miami, Jacksonville, and Tampa, according to the report. On the polar opposite, Florida charges zero personal income tax. Although NYC real estate prices plummeted during the pandemic , they have skyrocketed since.
While NYC has always been expensive, this month, the Big Apple overtook reigning champ San Francisco as the most expensive city for rentals — the first time since — a report by apartment listing site Zumper found.
And, this month, New York ranked the 1 least affordable city in the U. While there is much to be celebrated about NYC defying the odds of shrinking, Florida is gaining ground.
Click here to cancel reply. Name required. Email will not be published required. There are 48 states on the mainland; many have low taxes, better quality of life, low crime rates, employment opportunities, good healthcare, and normal people who mind their own business.
Those states are experiencing rapid growth as well. Since we started Miami New Times , it has been defined as the free, independent voice of Miami, and we'd like to keep it that way.
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