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Bilzin: Real Estate Driving Miami Economy

MIAMI—The next 12 to 18 months should see an increase in investment from beyond the Americas, with China (28%) and Russia (27%) viewed as the largest growth markets, according to a new Bilzin survey.

By Jennifer LeClaire | Updated on January 04, 2013

MIAMI—Real estate, tourism and hospitality are largely driving Miami’s economic growth. So says the Bilzin Sumberg New Miami Investment Survey:

Close to 60% of respondents see investment pouring into real estate over the next 12 to 18 months, with condominium homes (33%) and multifamily rentals (38%) being the most attractive assets. Of survey respondents, 13% attribute growth to the hospitality and leisure sectors, with 73% of respondents believing current conditions for tourism to be better than they were a year ago.

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