Miami Moves Up In Ranking Of Most Important Cities For Ultra-Wealthy As Chinese Move In

Miami has moved up in the closely watched Knight-Frank survey of cities that are most important to ultra-high-net-worth individuals.

In the survey, Miami ranks sixth in the world, compared to a seventh place ranking in 2014. In the western hemisphere, only New York ranks higher.

The report notes the ‘huge waves’ of investment flowing into Miami from Latin America. In addition to condo developments, investors from Latin America are now diversifying into commercial investments in the city.

New sources of investment are also forecast for Miami. Private investors from Hong Kong are likely to follow developer Swire into Miami. Miami is also now ‘firmly on the radar’ of wealthy investors from mainland China.

 

Knight-Frank top 40 most important cities to UHNWIs in 2015:

  1. London
  2. New York
  3. Hong Kong
  4. Singapore
  5. Shanghai
  6. Miami
  7. Paris
  8. Dubai
  9. Beijing
  10. Zurich
  11. Tokyo
  12. Toronto
  13. Geneva
  14. Sydney
  15. Taipei
  16. Frankfurt
  17. Moscow
  18. Madrid
  19. San Francisco
  20. Vienna
  21. Milan
  22. Los Angeles
  23. Jakarta
  24. Munich
  25. Amsterdam
  26. Mumbai
  27. Dublin
  28. Johannesburg
  29. Istanbul
  30. Kuala Lumpur
  31. São Paulo
  32. Mexico City
  33. Berlin
  34. Washington DC
  35. Boston
  36. Cape Town
  37. Auckland
  38. Buenos Aires
  39. Rio de Janeiro
  40. Tel Aviv

Source: Knight-Frank Global Cities Survey