Miami Ranks #1 In New Index By The Economist: ‘Shift In The Balance Of Power’

The Economist has ranked Miami at the top of a new index that looks at the performance of ten global cities over the past few years.

The publication looked at four key measures to create the index: population growth, GDP growth, office vacancies and housing prices, all over the past three years.

Miami’s real GDP is said to have increased 10.6% since 2019, while housing prices are said to have increased 39.5% during the same period.

On the negative side, the population is claimed to have decreased 1.6%, while the office vacancy rate is said to be up 2.3%.

The overall numbers were enough to put Miami ahead of second-ranked Singapore on the list of cities that are thriving. San Francisco ranked at the bottom of the list, while New York placed fourth.

An accompanying article noted that local leaders in Miami have helped attract financial business such as Blackstone and Citadel to the city.

https://www.thenextmiami.com/miami-ranks-1-in-new-index-by-the-economist-shift-in-the-balance-of-power/