As Miami solidifies its reputation as the “Wall Street of the South,” institutions are stepping up to meet the needs of global clients navigating this dynamic landscape.

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According to the Miami-Dade County Property Appraiser’s Office, the countywide taxable value for 2025 increased by 10.7%, reaching approximately $471.5 billion. While this represents a significant sum, it is a deceleration compared to the 12.7% growth recorded in 2024.

The newly opened retail and dining spaces of Miami Worldcenter marks a major milestone in the $6 billion development—now the second-largest urban mixed-use project underway in the U.S., second only to New York’s Hudson Yards. Partners plan to continue with billions of dollars of development.

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The 2.8-acre parcel, located at 700-799 Brickell Avenue, was once slated to become the One Brickell City Centre, a 1,000-foot-tall office tower. However, Swire scrapped those plans earlier this year, citing difficulties in the current office market.

The condominium sales in the South Tower of the two-tower project reached a major milestone by surpassing $1 billion. The 66-story tower is now 50% sold, underscoring the city’s continued demand for high-end real estate.