May 10, 2016
The population of Downtown Miami has doubled since 2000, according to the projections of the census 2010 and by the Downtown Development Authority. An additional 40 percent of growth is predicted by 2019, making Miami a fertile ground for the retail and services market. The city’s retail sector, generated around $4.5 billion in income in 2014.
A wave of commercial and residential development in downtown Miami and its periphery is redefining the skyline. It is also creating options for those less affluent than the condo dwellers to live where close to work and avoid commuting, therefore challenging the established perception that Miami is not f0r middle-class people to live and raise a family.