MIAMI—Miami was just named among the 12 cities investing and occupying world city real estate by Savills World Research. At a glance, the report calls out Miami for tourism, construction, and Latin American regional headquarters.

Miami is set to see double-digit population growth in the next 15 years, Savills reports. Specifically, the Magic City will post a 15.2% rise in population while the cost to accommodate a workforce is $48,962. That puts Miami in 10^th place among the 12 cities Savills listed. The report also looks at various ways cities are built, such as countryside, conversion, creative colonization and sea stealing.

“Some cities are so land-constrained that they have created it by forming islands or an extended shoreline in the sea,” the report reads. “This type of expensive development is found most frequently in 'new world' cities such as Hong Kong, Dubai and Singapore, but has also taken place in older Asian cities such as Tokyo, and we even found early 20^th century examples of island-making in Miami.”

In Miami, of course, the report points to the Art Deco District. There are 960 buildings in Miami Beach that attract locals, domestic and foreign tourists alike. A strong example is Lincoln Road with its strip of high-end retail and restaurants.

“I believe Lincoln Road in Miami Beach is achieving the highest rental rates of any South Florida market, with more national and internal brands vying for a presence along the pedestrian mall for both the sales, branding, and crowds it generates,” Jason Shapiro, managing director of Aztec Group, tells GlobeSt.com. “On the mainland, we expect to see rental rates to continue rising in Miami's urban core fueled by residential and tourism

Miami, Savills says, attracts “eds and meds”—the research institutes and those at the forefront of medical and life sciences. Of course, there's still plenty of real estate investment from Latin America.