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Miami Could Be Next Silicon Valley Tech Hub

February 19th, 2015 Written By Carol Pawley

m-start up city

Industry experts consider that Miami has the characteristics Silicon Valley had before its real estate boom.  These characteristics are: Low housing costs, low unemployment, the presence of major tech companies, median tech salaries higher than those of the city’s total workforce, and venture capital funding.

In 2014 startups brought in $49.4 million in Venture Capital funding to Miami, while existing VC-backed companies, including health care IT provider CareCloud and mobile app developer KidoZen,  saw continued success. At the same time, infrastructure investments by firms aimed at helping grow the startup ecosystem in Miami have led to 19 Tech acquisitions.

If the Tech scene can be defined by potential, the best description of Miami’s real estate market is “resurgent.” Miami is one of the country’s key “hedge cities,” attracting foreign investors seeking US bases of operations; companies are establishing a presence in Miami to reach Latin America and its Tech entrepreneurs. All these factors, as well as a rise in construction, helped the city rank 19th in the ULI report, making Miami a prime environment for real estate investment in 2015.

Great to have you on my site! Seeking to sell or buy property in Coconut Grove, Coral Gables, or anywhere in Miami? I can assist you. Real estate is my area of expertise and Miami-Dade the place I grew up. I know the communities, the schools, the culture, and the business of real estate. I’ve consistently ranked in the top 1% of my field, locally and nationally. I’d love to have the opportunity to introduce myself and discuss your real estate needs. Let’s connect: PH 305-992-6188,EMAIL: carolapawley@gmail.com

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