MIAMI, FLORIDA (PRWEB) MAY 26, 2015
South Florida’s outdoor lifestyle, multilingual workforce, and world-class amenities had an impactful presence at the world’s largest commercial real estate exhibition held recently in France, according to the MIAMI Association of REALTORS® (MIAMI), the nation’s largest local Realtor group with 35,000 members. In partnership with the National Association of Realtors (NAR), MIAMI leaders and members promoted South Florida from a large expanded exhibit booth at the prestigious annual MIPIM International Real Estate Show held March 10-13 in Cannes, France.
The eye-catching 1,200 square-foot NAR-U.S. Pavilion highlighted just two other U.S. markets: Illinois and Birmingham, Ala., along with the CCIM Institute. Miami — which is known around the world for its Adrienne Arsht Center for the Performing Arts, several other top-tier cultural amenities, 84 miles of Atlantic Ocean coastline, and multicultural population — had one of the most popular booths.
“I am very proud of the MIAMI Association of REALTORS and the National Association of Realtors for taking the initiative to establish a strong presence this year at MIPIM,” said John Dohm, the 2015 Chairman of MIAMI and one of the nation’s top commercial brokers. “I was pleasantly surprised by the international recognition of the Miami brand. Miami’s diversity and acceptance of all cultures has elevated us in the eyes of just about everyone in the rest of the world.”
More than 21,000 participants from 93 countries attended MIPIM 2015. The event attracted 2,200 companies, 4,500 investors, 3,200 CEOs and chairmen, 370 political leaders, and 430 journalists. The four-day trade show featured 250 conference sessions about the latest advances in real estate around the world. MIPIM 2015 showcased all asset classes from office and business centers to mixed-use.
“The major theme at MIPIM 2015 was that when government makes a commitment to redevelopment and spends money on improving infrastructure, private enterprise and investment follows very quickly,” Dohm said. “In the big picture, Miami is spending as much on infrastructure as any place on earth, with an equal commitment to global commerce, and, in many cases, a greater commitment to the ecosystem.”
Liverpool, Lyon, Manchester, Montreal, Prague, Tokyo, Warsaw, and other major municipalities had city stands at MIPIM 2015. The U.S., Canada, Germany, Italy, Scandinavia, Austria, and other markets had regional pavilions.
“The activity at the MIAMI exhibit booth was almost non-stop and kept us on our feet and actively engaging interested parties all four days,” said Christopher Zoller, the 2015 Residential President for MIAMI. “MIPIM 2015 was a valuable opportunity to present MIAMI and our lifestyle, opportunities, and properties to a wide variety of interested real estate experts from all over the world.”
Coral Gables-based Realtors Barbara Tria, the 2015 Commercial President for MIAMI, and Maria Juncadella, the 2015 MIAMI Commercial President-Elect, also gained from the experience.
“Learning firsthand how South Florida is viewed in the global marketplace and hearing in detail about other markets was incredibly instructive,” Tria said. “We networked, learned, grew, and built lasting global relationships for MIAMI and South Florida.”
Juncadella said: “We need to support NAR’s efforts in promoting the American market’s strength and security in an ever-increasing global environment, where flight to safe and stable investments is paramount.”
Miami’s emerging technological industry that could one day rival Silicon Valley, an expanding global art scene, a $2 billion port infrastructure upgrade, Miami International Airport’s plans to renovate its central terminal, and the state’s lowest commercial real estate vacancy rates have played roles in turning South Florida into a global destination with a diversified economy. The world’s wealthy are increasingly choosing Miami to relocate a business, or purchase primary, secondary or tertiary homes.
Miami is the sixth-most important city in the world to ultra-high-net-worth individuals or those with a net worth of more than $30 million, according to a new report from the London-based real estate consultancy Knight Frank. Miami and New York were the only North American cities to make the top-10 list of the 2015 Knight Frank Wealth Report, which is issued annually. London, New York, Hong Kong, Singapore and Shanghai rounded out the top-five most important global cities.
Miami offers wealthy individuals and company CEOs the ability to purchase a luxurious home with access to superior private schools and shopping opportunities. In addition to South Florida’s weather and beaches, the world’s elite are attracted to Miami for its developing art scene. The Art Basel art show draws the world’s top collectors, and the trendy Wynwood neighborhood has gained national and global attention for its local art. The Adrienne Arsht Center for the Performing Arts and a waterfront art museum opened recently in Miami. A new science museum will open next year.
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 35,000 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.
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