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Miami Ranks Six in Top 40 Most Important Cities for the Super Wealthy

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Miami Ranks Six in Top 40 Most Important Cities for the Super Wealthy

According to Knight Frank's new Global Wealth Report for 2015, London is still the most important global city for the world's ultra-high-net-worth individual (UHNWI), followed by New York and Hong Kong, but changing fortunes across the global over the past 12 months has seen Hong Kong and Singapore continue to slug it out for pole position in Asia.

Yet Miami, over the last decade, has quietly moved further up the list of the 'Top 40' most important global cities for the world's super rich. In 2015, Miami now is ranked number six worldwide, ahead of cities like Paris and Dubai.

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Growing Population Of Renters Paying Big Bucks To Live In Miami

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Growing Population Of Renters Paying Big Bucks To Live In Miami

Miami has the highest proportion of residents who rent, and they are willing to shell out a big chunk of their income to live in the city, according to a new report.

Miami's rental population increased 25% between 2006 and 2013, the second highest nationwide. Those moving to Miami are wiling to pay a higher percentage of their income to live here, with 39% of residents paying half their income or more in rent, second highest after New York.

The study says that 65% of the population now rents in Miami, surpassing long-time leader New York City at 64%.

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Miami's Development Booming: Top Starchitect-Designs Remaking the Magic City

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Miami's Development Booming: Top Starchitect-Designs Remaking the Magic City

When the recession hit Miami in 2007, new developments came to a dramatic halt and abandoned construction sites became ubiquitous. But now, a surge of new projects-running the gamut from residential and retail to hotels and cultural institutions-are cropping up around Miami with many more slated for construction in the next few years. And some heavy hitters, such as Zaha Hadid, Rem Koolhaas, Herzog and de Meuronand Bjarke Ingels, have signed up to lend their design sensibility to Miami's changing landscape.

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Miami Climbs In Rankings Measuring Education, Wealth

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Miami Climbs In Rankings Measuring Education, Wealth

Miami is moving up in global and national rankings:

  •  Miami ranks number 7 in the 2014 Knight Frank Global Cities Survey, which keeps track of which ,  which keeps track of which cities are of most importance to the world's wealthiest people. It ranks cities based on four factors: Economic Activity, Quality of Life, Knowledge & Influence and Political Power, as well as taking into account the number of UHNWIs who call each city home.
  • Miami now ranks 7 nationally in terms of college students per capita, according to a recent study.
  • Miami had the fastest increase in well-educated young adults living in close-in urban neighborhoods, according to economist Joe Cortright.
  • Miami ranked number 1 nationally in a Kauffman Foundation study last year of entrepreneurial activity on a per capita basis.

The rankings were highlighted in a recent Knight Foundation blog post

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