ISG World's report found the number of single-family homes and condos available for rent in all three counties encompassing Miami decreased 24 percent from the fourth quarter of 2022 to the first quarter of 2023. Suarez and Stucnicky both referenced a high demand for housing as a sign of Miami's success. 'And we're in giant momentum right now because of the efforts of Mayor Suarez.' 'This is not just unprecedented for Miami, I know I looked it up – this is unprecedented for any U.S. 'What was 122 companies just six months ago has now morphed into 134 major companies that are relocating to South Florida, and they're bringing a lot of their people with them,' he said. 'These are some of the biggest names in venture, the biggest names in private equity, which is why we've created about 9,000 jobs in the last few years, over $9 billion in wages, which is why we're number one in the nation in wage growth, and it's created a tremendous amount of prosperity for our citizens.'Ĭraig Studnicky, the CEO of ISG World, said the boom in Miami was 'unprecedented'. 'You're talking about Citadel, you're talking about Blackstone, you're talking about Starwood Capital, you're talking about Millennium. 'We've moved approximately $2.5 trillion worth of companies in Miami,' said Suarez.
The move made Citadel's founder Ken Griffin, with a $29.6 billion fortune, instantly Florida's richest man. Suarez, the first ever Miami-born mayor of the city, is seen in July 2021 with Cuban exiles Suarez said he was delighted by the decision of companies such as hedge fund Citadel to relocate from Chicago to Miami, in September last year. In Los Angeles, personal income tax rises as high as 12.3 percent and corporate tax 9 percent. In New York City, by comparison, top-rate taxpayers can pay 10.9 percent personal income tax, and corporate income tax is 8.85 percent. 'We want to make sure that everyone in our city benefits.'įlorida had the nation's fourth-fastest-growing economy between July 2021 to July 2022 - growing at an annual rate of 3.5 percent according to federal data.īusinesses and individuals have been lured by the tax policies: there is no personal income tax, and corporate income tax is at 5.5 percent.
'That is my vision, and I think that's what's going to create the most amount of prosperity for the most amount of Miami, as we call it, 'Miami for everyone.' 'We want to be, what I call, the central aggregation point for capital and the central deployment point for capital in the world. We already have a direct flight to UAE, Qatar and Israel. 'We'll probably have a direct flight to Saudi.
'But we're going beyond that - I just came back from Tokyo and Korea, and we want to get a direct flight to Tokyo,' he said. Cranes are seen on the Miami skyline, as a building boom continues in the Florida city
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