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MIAMI

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  • 1. A PRELIMINAR SOCIO-ECONOMIC PERSPECTIVE OF MIAMI FINANCIAL, DEMOGRAPHIC, AND GEOGRAPHIC OVERVIEW OF MIAMI BY MARIA DEL CARMEN PIQUERAS ASSISTANT MANAGER MIAMI, USA. 1|Page
  • 2. INDEX A BRIEF PERSPECTIVE OF MIAMI 1. FLORIDA AND MIAMI: SOCIO-ECONOMIC FACTS. 1.1.Population 1.2 Foreign Direct Investment 1.3 Financial And Tax Advantages And Incentives o 1.3.1 Tax Advantages o 1.3.2 Incentives 1.4 Economic Facts: Major Industries And Commercial Activity 2.INFRASTRUCTURE 2.1.Transportation overview o Street grid o Metrorail o Metrobus o Metromover o Roads o Airports o Seaport o Miami districts AN OVERVIEW OF MIAMI AREAS: MIAMI DISTRICTS. NEW OFFICE REQUIREMENTS: EXAMPLES AND CONCLUSIONS. 2|Page
  • 3. A BRIEF PERSPECTIVE OF MIAMI Miami is one of the more popular cities in the US, with an impressive business area with large skyscrapers. Since 2001, Downtown Miami has experienced the phenomenon known as gentrification, as result of the buying of expensive housing by wealthier people who has transform the area from low to high value. Along with Downtown, Brickell is Miami and South Florida’s major financial district. Brickell is also a dense, high-rise residential neighborhood with many upscale, luxury condominium and apartment towers. Referred to as the "Manhattan of the South", Brickell is home to the largest concentration of international banks in the UNITED STATES, mostly along Brickell Avenue. Brickell's main north-south avenue and along Miami Avenue, home to many popular Miami restaurants, shops and places of entertainment. A few hundred feet east of the northeastern side of Brickell is BRICKELL KEY a gated island of upscale, high-rise residential and hotel towers. As of 2009, over 190,000 office employees work in Downtown and Brickell. Today, the Brickell and Downtown Miami neighborhoods are the fastest-growing neighborhoods in Miami. Brickell is served by the MIAMI METRORAIL at the Brickell Station and by 5 stations of the METROMOVER’S Brickell Loop. 3|Page
  • 4. 1. - FLORIDA AND MIAMI: SOCIO-ECONOMIC FACTS. 1.1. POPULATION Population Growth: For decades, Miami-Dade County has experienced rapid population growth. The 2005 population estimate for Miami-Dade County is 2,402,105. It is projected to reach over 3 million in 2025. Chart 1 shows the steady and rapid population growth, particularly in the 1960s and 1970s that led to a more than doubling of the population from 1960 to 1990. The trend line as shown in Chart 1 shows that projected growth through 2025, albeit at a somewhat slower rate, is unrelenting. Table 1 shows population and projections at five year intervals from 1990 until 2025. During the period 1990-2005, population grew by 435,105 or at an annual rate of 1.33 percent. Over the next twenty years, 2005- 2025, projections indicate that population will grow by 617,680 or at a somewhat lower annual rate of 1.14%. While population growth will not be as robust as in the past, it remains significantly above the national annual growth rate of 0.84 percent for the projected period and somewhat above the 1.07 percent growth rate for the state. In sum, population growth, which translates into increased demand for goods and services, has been and will continue to be an important factor driving economic growth in Miami-Dade County. In particular, net immigration has been and will likely continue to be the major component driving population growth. The following page contains data provided by the U.S. Census Bureau regarding to demographics facts, such households, race, per capita income, media house income, and languages spoken besides of English. 4|Page
  • 5. U.S. Census Bureau 2008 Ethnic/Race Demographics This is a quick view of the population: 5|Page
  • 6. 1.2 FOREIGN DIRECT INVESTMENT Florida is not only a top tourism destination, but also a popular destination for international business investment. Attracted by its large and booming economy, stable business environment, and international workforce, new business investments from around the world pour into Florida every year, making it one of the top U.S. destinations for foreign direct investment (FDI). • Strong International Company Presence: Total holdings by majority foreign-owned firms (i.e. those with at least 50% non-U.S. ownership) it is valued at US$33.6 billion in 2007 (most recent data), ranking Florida 9th among all U.S. states in inward FDI stock. In all, 1,500 foreign-affiliated companies operate in Florida from about 2,400 individual locations around the state. International firms use Florida to access emerging markets in Latin America and the Caribbean, as well as the vast U.S. market. • International Financial Cluster: Miami is second only to New York as a U.S. center for international banking. Over 70 foreign and domestic banks active in international trade and finance have offices in Florida, including six of the ten largest banks in the world. The International Banking Community in Florida provides tremendous value to companies doing international business, particularly with Latin America. • Cosmopolitan Workforce: In 2007, Florida ranked 6th among all U.S. states in total employment by majority foreign-owned firms, which provided jobs for 245,800 Floridians. International employers value the state’s culturally diverse, multi-lingual and highly-skilled workforce, which provides them with global competitive advantages that go beyond cost and access to markets. In the knowledge economy, the success of a business largely depends on the skills of its employees. Florida’s workforce is strengthened by skilled labor and an ever-growing talent pool. Florida's large, talented and culturally diverse workforce can exceed the expectations of even the most demanding employers. Large: With more than 9.2 million workers, Florida's labor force is the fourth largest in the United States. Highly-qualified: Florida's labor market is particularly strong in high value added businesses, including high-tech industries and international trade. Ranked 4th in the nation for high tech employment by TechAmerica’s Cyberstates report, Florida boasts more than 280,000 high-tech workers. The talent pool is also deep in workers with advanced degrees, positioning Florida 11th among all states. Highly-skilled: The demand for skilled labor in Florida is answered by many training programs designed for the needs of the state’s leading industries. Customized programs and incentives, such as Quick Response Training, Incumbent Worker Training and the industry-specific BANNER Centers Program provide skilled labor to employers in less time and at lower costs. Florida's workforce was recently ranked No. 1 in the nation on CNBC's America’s Top States for Business. Educated: Florida’s renowned colleges and universities, technical institutions and community colleges provide a continuous supply of workers with higher education. All Florida residents live within 50 miles of a post-secondary educational institution. Not surprisingly, the number of Floridians with Associate, Bachelor and Advanced degrees has increased at almost double the national rate since 2000, strengthening the Florida workforce and providing added value to employers. Culturally diverse: Florida's workforce is one of the most diverse in the nation, both culturally and linguistically. Over 3.2 million residents were born outside the United States, and many Floridians speak one or more of over 90 languages. Florida has a particularly strong representation of Spanish, French, and Portuguese speakers. Employer-friendly: Florida, a right-to-work state, is one of only ten states with a right-to-work provision in the state constitution. Florida also has one of the lowest unionization rates in the country at about 6.4 percent, and the third lowest unionization rate in manufacturing at 2.6 percent. 6|Page
  • 7. • International Infrastructure: Florida’s multi-modal transportation system (details are provided) is built to support the active international trade and investment activity in the state. From the world-class airports and sea ports, to the advanced high-speed and wireless network, Florida is ready to accommodate the most demanding connectivity requirements. Florida Fact: With an annual economic output of three quarters of a trillion dollars and a workforce of more than 9 million, Florida is an economic powerhouse among the U.S. states and on a global scale. Florida Fact: The state’s excellent infrastructure has made it an ideal location for many U.S. and international businesses looking for easy worldwide connectivity and abundant market opportunities. Florida Fact: Florida’s climate of innovation, its booming industries, financial advantages and enviable quality of life attract many large and small businesses alike. Florida Fact: Florida’s business-friendly climate is home to some of the nation’s top ranked companies and industry leaders. In the U.S., Florida: • Is the nation's 4th most populous state • Has the 4th largest labor force • Has the 4th highest number of business establishments • Has the 4th largest Gross Domestic Product, making it the 8th largest economy in the western hemisphere, and the 20th largest economy in the world • Ranks 4th in total employment in high-tech industries • Is the 5th largest producer of exported goods • Is the 9th largest recipient of Foreign Direct Investment 7|Page
  • 8. 3 FINANCIAL AND TAX ADVANTAGES AND INCENTIVES 1.3.1 TAX ADVANTAGES Florida's stable and highly favorable tax climate provides advantages that make a Florida location profitable for every type of business. Progressive legislation also ensures that Florida remains a worldwide hub for new and expanding businesses. Florida has… • NO corporate income tax on limited partnerships • NO corporate income tax on subchapter S-corporations • NO state personal income tax guaranteed by constitutional provision • NO corporate franchise tax on capital stock • NO state-level property tax assessed • NO property tax on business inventories • NO property tax on goods-in-transit for up to 180 days • NO sales and use tax on goods manufactured or produced in Florida for export outside the state • NO sales tax on purchases of raw materials incorporated in a final product for resale, including non- reusable containers or packaging • NO sales/use tax on co-generation of electricity Florida offers Sales and Use Tax Exemptions on… • Machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible personal property for sale • Labor, parts and materials used in repair of and incorporated into machinery and equipment • Electricity used in the manufacturing process • Certain boiler fuels (including natural gas) used in the manufacturing process • Semiconductor, defense and space technology-based industry transactions involving manufacturing equipment • Machinery and equipment used predominantly in research and development • Labor component of research and development expenditures • Commercial space activity — launch vehicles, payloads and fuel, machinery and equipment for production of items used exclusively at Spaceport Florida • Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft • Production companies engaged in Florida in the production of motion pictures, made for television motion pictures, television series, commercial music videos or sound recordings. Combined with Florida's other business advantages and excellent quality of life, this cost competitive environment creates an unbeatable value proposition for both business owners and employees alike. 1.3.2 INCENTIVES TARGETED INDUSTRY INCENTIVES: 8|Page
  • 9. Qualified Target Industry Tax Refund (QTI) The Qualified Target Industry Tax Refund incentive is available for companies that create high wage jobs in targeted high value-added industries. This incentive includes refunds on corporate income, sales, ad valorem, intangible personal property, insurance premium, and certain other taxes. Pre-approved applicants who create jobs in Florida receive tax refunds of $3,000 per net new Florida full-time equivalent job created; $6,000 in an Enterprise Zone or rural county. For businesses paying 150 percent of the average annual wage, add $1,000 per job; for businesses paying 200 percent of the average annual salary, add $2,000 per job. The local community where the company locates contributes 20 percent of the total tax refund. There is a cap of $5 million per single qualified applicant in all years, and no more than 25 percent of the total refund approved may be taken in any single fiscal year. New or expanding businesses in selected targeted industries or corporate headquarters are eligible. Qualified Defense and Space Contractor Tax Refund (QDSC) Florida is committed to preserving and growing its high technology employment base by giving Florida defense, homeland security, and space business contractors a competitive edge in consolidating contracts or subcontracts, acquiring new contracts, or converting contracts to commercial production. Pre-approved applicants creating or retaining jobs in Florida may receive tax refunds of $3,000 per net new Florida full-time equivalent job created or retained; $6,000 in an Enterprise Zone or rural county. For businesses paying 150 percent of the average annual wage, add $1,000 per job; for businesses paying 200 percent of the average annual salary, add $2,000 per job. Capital Investment Tax Credit (CITC) The Capital Investment Tax Credit is used to attract and grow capital-intensive industries in Florida. It is an annual credit, provided for up to twenty years, against the corporate income tax. Eligible projects are those in designated high-impact portions of the following sectors: clean energy, biomedical technology, financial services, information technology, silicon technology, transportation equipment manufacturing, or be a corporate headquarters facility. Projects must also create a minimum of 100 jobs and invest at least $25 million in eligible capital costs. Eligible capital costs include all expenses incurred in the acquisition, construction, installation, and equipping of a project from the beginning of construction to the commencement of operations. The level of investment and the project’s Florida corporate income tax liability for the 20 years following commencement of operations determines the amount of the annual credit. High Impact Performance Incentive Grant (HIPI) The High Impact Performance Incentive is a negotiated grant used to attract and grow major high impact facilities in Florida. Grants are provided to pre-approved applicants in certain high-impact sectors designated by the Governor's Office of Tourism, Trade and Economic Development (OTTED). In order to participate in the program, the project must: operate within designated high-impact portions of the following sectors-- clean energy, biomedical technology, financial services, silicon technology, and transportation equipment manufacturing or be a corporate headquarters facility supporting international, national or regional operations; create at least 100 new full-time equivalent jobs (if a R&D facility, create at least 75 new full-time equivalent jobs) in Florida in a three-year period; and make a cumulative investment in the state of at least $100 million (if a R&D facility, make a cumulative investment of at least $75 million) in a three-year period. Once recommended by Enterprise Florida, Inc. (EFI) and approved by OTTED, the high impact business is awarded 9|Page
  • 10. 50 percent of the eligible grant upon commencement of operations and the balance of the awarded grant once full employment and capital investment goals are met. WORKFORCE TRAINING INCENTIVES: Quick Response Training Program (QRT) Quick Response Training (QRT) - an employer-driven training program designed to assist new value-added businesses and provide existing Florida businesses the necessary training for expansion. A state educational facility - community college, area technical center, school district or university - is available to assist with application and program development or delivery. The educational facility will also serve as fiscal agent for the project. The company may use in-house training, outside vendor training programs or the local educational entity to provide training. Reimbursable training expenses include: instructors'/trainers' wages, curriculum development, and textbooks/manuals. This program is customized, flexible, and responsive to individual Company needs. Incumbent Worker Training Program (IWT) Incumbent Worker Training (IWT) - a program that provides training to currently employed workers to keep Florida's workforce competitive in a global economy and to retain existing businesses. The program is available to all Florida businesses that have been in operation for at least one year prior to application and require skills upgrade training for existing employees. 1.4 ECONOMIC FACTS: MAJOR INDUSTRIES AND COMMERCIAL ACTIVITY For most of Miami's history, its economy has been based on tourism. In fact, it was not so long ago that the city came to life only during the winter months when tourists from cold northern regions flocked to its beaches, hotels, and resorts. That phenomenon is no longer the case, as tourists visit the region throughout the year. In 2003, 10.4 million overnight visitors came to Greater Miami, infusing the local economy with $9.9 billion in direct expenses, such as hotel rooms, restaurants, shopping, transportation, and attractions, and another $5.5 in indirect expenditures in such areas as real estate, medicine, and retail. While tourism continues to be the principal industry in Miami, the city's economy has become more diversified. Trade is increasingly vital to the economy. Its close proximity to Latin America and the Caribbean make it the center of international trade with those areas. Nearly $50 billion in total merchandise trade came through the Miami Customs District in 2002. Because many companies choose to establish their Latin American headquarters in southern Florida, Miami-Dade County is known as the "Gateway to the Americas." In 2003 approximately 1,200 multinational corporations were established in the region. International banking is another growing segment of the economy. With total deposits of $74.3 billion in 2003, about 100 commercial banks, thrift institutions, foreign bank agencies, and Edge Act banks are located in downtown Miami, representing the largest concentration of domestic and international banks on the East Coast south of New York. Brazilian, British, Canadian, French, German, Israeli, Japanese, Spanish, and Venezuelan banks have offices in Miami-Dade County. Still, domestic banks dominate the market, led by Bank of America Corp., which has total deposits of over $7.8 billion in its 25 local offices. 10 | P a g e
  • 11. Commercial Shipping Miami ranked 22nd among "America's 100 Most Logistics Friendly Metros" by Expansion Management magazine in 2004. The economic and logistical vitality of Miami comes in large measure from Miami International Airport (MIA). Served by more than 100 airlines, MIA is a hub of both domestic and international trade and is the primary commerce link between North and South America. In 2002 the airport transported nearly 1.8 million tons of cargo and more than 30 million passengers. MIA ranks first in the nation for international freight and third for both international cargo and international passengers. Its trade support infrastructure includes more than 300 freight forwarders and customs brokers, as well as a Cargo Clearance Center that provides 24-hour service by inspectors from the U.S. Customs Service, Department of Agriculture, Fish and Wildlife Service, and Food and Drug Administration. The Port of Miami, in addition to being the world's largest cruise port, has achieved dominance in international commerce; it ranks first in Florida and ninth nationally in commercial tonnage. In 2002 the port handled 8.7 million tons of cargo and 3.6 million passengers, a 5.9 percent and 7.4 percent increase over the previous year, respectively. The Miami Free Zone's principal function is importing for domestic U.S. consumption. Fifteen minutes from the seaport and five minutes from the airport, the free zone is one of the largest duty-free zones in the United States. Two major railway systems, Amtrak and Tri-Rail, link the city locally and nationally. Interstates 95 and 195 run perpendicular through the Miami region. A network of 5,640 miles of roadway provides delivery and receiving routes for the nearly 100 motor freight lines operating in the area. 2. INFRASTUCTURE From Florida, you can reach the world — and beyond. With a state-of-the-art multi-modal transportation infrastructure and one of the most advanced telecommunications networks in the world, Florida is connected to the world in every possible way. Transportation overview: Florida is the nexus of the Western Hemisphere’s transportation links. The Florida transportation infrastructure is multi-modal and includes highways, railways, seaports, airports and a spaceport that enable companies to gain quicker access to markets and reduce bottom-line costs. • Roads: A 12,066-mile State Highway System and nearly 110,000 miles of other public roads offer easy access to regional and national markets, as well as Florida’s airports and seaports. • Rail: Florida’s 2,796 miles of main route rail lines connect the state’s railroads to major business centers and distribution nodes. The Florida rail transportation system comprises 15 line-haul railroad and terminal or switching companies, which includes 2 Class I Railroads, 2 regional railroads, 10 local railroads, and 1 railroad specializing in switching and terminals. • Airports: Florida’s 19 commercial airports offer non-stop scheduled service to over 120 domestic and many international destinations. In fact, Florida has more direct flights to Latin American and Caribbean destinations than all other U.S. cities combined. In 2007, Florida’s commercial airports served nearly 70 million enplaned passengers, including over 44 million visitors to the state. Florida’s commercial airports also handle nearly 7% of the nation’s air cargo. Over 4.8 million tons of air cargo valued at $36.3 billion moved through Florida’s airports in 2007, making them as crucial to business and international trade as they are to tourism. 11 | P a g e
  • 12. • Seaports: Florida’s maritime transportation is world class. The state's 14 deepwater seaports are within 90 miles of any business in Florida. With nearly 70% of Florida’s international commerce moving by water, these ports moved 14.1 million cruise passengers in FY 2006/07 and facilitated nearly 3 million twenty-foot equivalent units (TEUs) of container movements. Many Florida ports feature roll on/off or gantry crane loading areas, dockside cold storage, dry dock, bulk liquid cargo and bulk dry cargo facilities. In FY 2006/07, Florida seaports moved 121 million tons of cargo, and international trade through Florida seaports was valued at approximately $73.4 billion. • Spaceport: Florida’s is home to two of only eight commercially licensed spaceports in the United States and to the site of the first U.S. commercial launch. Florida hosts commercial, civil and military space operations, with primary emphasis on payload processing, launch operations and spaceport range technologies. Telecommunications: Florida has been recognized as one of the top five telecom hubs in the world. The Network Access Point (NAP) in Miami serves as a major switching station for Internet traffic coming to and from Latin America, while other high-speed networks, such as the Florida Lambda Rail and LA Grid facilitate R&D efforts. In addition, Florida has some of the fastest and most widely available networks for high-speed and wireless connectivity. Street grid A street grid stretches from downtown Miami throughout the county. This grid was adopted by the City of Miami following World War I after the United States Post Office threatened to cease mail deliveries in the city because the original system of named streets, with names often changing every few blocks and multiple streets in the city sharing the same name, was too confusing for the mail carriers.[50] The new grid was later extended throughout the county as the population grew west, south, and north of city limits. The grid is laid out with Miami Avenue as the meridian going North-South and Flagler Street the baseline going east-west. The grid is primarily numerical so that, for example, all street addresses north of Flagler and west of Miami Avenue have NW in their address (e.g. NW 27th Avenue). Because its point of origin is in downtown Miami which is close to the coast, the NW and SW quadrants are much larger than the SE and NE quadrants. Many roads, especially major ones, are also named, although, with a few notable exceptions, the number is in more common usage among locals. Although this grid is easy to understand once one is oriented to it, it is not universal in the entire county. Hialeah uses its own grid system which is entirely different in its orientation. Coral Gables and Miami Lakes use named streets almost exclusively, and various smaller municipalities such as Florida City and Homestead use their own grid system along with the Miami-Dade grid system adding to the confusion. Miami Beach has its own system of numbered streets without compass directions. 12 | P a g e
  • 13. The 22 accessible Metrorail stations are about one mile apart, providing easy access for bus riders, pedestrians, and passengers being dropped off and picked up. It is an elevated rapid transit system runs from Kendall through South Miami, Coral Gables, and downtown Miami; to the Civic Center/Jackson Memorial Hospital area; and to Brownsville, Liberty City, Hialeah, and Medley in northwest Miami-Dade, with connections to Broward and Palm Beach counties at the Tri-Rail/Metrorail transfer-station. The 22 accessible Metrorail stations are about one mile apart, providing easy access for bus riders, pedestrians, and passengers dropped off and picked up. Parking is available at 17 Metrorail stations. Park free at one of the many conveniently located Park & Ride lots and ride public transit to reach your destination. Connect with major Metrobus routes for transfers to Metrorail. Transfer to northbound and southbound Tri-Rail trains at Golden Glades only. On weekday evenings and weekends, Metrorail will have single tracking to do all necessary guide way and track maintenance activities. Look for station signs indicating the track in service. Public transit in Miami-Dade County is served by Miami-Dade Transit, and is the largest public transit in Florida. Miami-Dade Transit operates a heavy rail metro system Metrorail, an elevated people mover in Downtown Miami, Metro mover and the bus system, Metrobus. Currently, expansion of Metrorail is underway with the construction of a new Orange Line. 13 | P a g e
  • 14. 14 | P a g e
  • 15. How to Ride Once on the station platform, watch or listen for a Metromover car headed in your direction of travel. Check the digital display above the map in the center of the platform for each car's destination. A bell sounds when a car approaches the station. Metromover cars arrive frequently—every 90 seconds during rush hours and every three minutes during off-peak hours. When a car arrives at your station, wait for the passengers to exit before you board. Hold on to a pole or handrail. While Metromover is designed for standing, seats for the elderly and people with disabilities are located at both ends of the car. Exiting Metromover Watch and listen for your destination station. The name will be announced as Metromover approaches each station. Exit the car and use the stairs, escalator, or elevator to reach street level. Fares Everyone rides FREE on the Metromover. To get to the Metromover platform, use the stairs, escalators, or elevator. Hours of Operation The Metromover inner loop and the outer loop (Omni and Brickell) run from 5 a.m. to midnight seven days a week. Trains arrive frequently. The schedule may change for special events. 15 | P a g e
  • 16. Roads: Miami-Dade County has 10 major expressways and 1 minor expressway in Downtown Miami. Interstate 95 Interstate 75 Florida's Turnpike Homestead Extension of Florida's Turnpike Dolphin Expressway (State Road 836) / Interstate 395 Gratigny Parkway (State Road 924) Airport Expressway (State Road 112) / Interstate 195 Don Shula Expressway (State Road 874) Snapper Creek Expressway (State Road 878) Palmetto Expressway (State Road 826) Hialeah Expressway (State Road 934) Downtown Distributor (State Road 970) 16 | P a g e
  • 17. Airports Miami International Airport, located in an unincorporated area in the county, serves as the primary international airport of the Miami Area. One of the busiest international airports in the world, Miami International Airport caters to over 35 million passengers a year. Identifiable locally, as well as several worldwide authorities, as MIA or KMIA, the airport is a major hub and the single largest international gateway for American Airlines, the world’s largest passenger air carrier. Miami International is the United States’ third largest international port of entry for foreign air passengers (behind New York's John F. Kennedy International Airport and Los Angeles International Airport), and is the seventh largest such gateway in the world. The airport’s extensive international route network includes non-stop flights to over seventy international cities in North and South America, Europe, Asia, and the Middle East. General aviation airports in the county include: Kendall-Tamiami Executive Airport Opa-Locka Airport in Opa-Locka, Homestead General Aviation Airport in an unincorporated area west of Homestead. Homestead Joint Air Reserve Base, east of Homestead in an unincorporated area, serves military traffic. Port of Miami The Port of Miami is Florida's No. 1 container port and recognized throughout the world with the dual distinction of being the Cruise Capital of the World and the Cargo Gateway of the Americas. The Port contributes over $17 billion annually to the South Florida economy and helps provide direct and indirect employment for over 176,000 jobs. One of our primary goals is to promote growth in both our cruise and cargo industries in Miami-Dade County and to make sure that every port user can conduct business safely, effectively and 17 | P a g e
  • 18. efficiently. AN OVERVIEW OF MIAMI AREAS Miami districts: 18 | P a g e
  • 19. DOWNTOWN MIAMI Miami's downtown district is a vibrant and diverse area of Miami, filled with clothes and jewelry shops, restaurants, cafés and fast-food stands. The Downtown Miami skyline is one of the most stunning in the whole of America and at night, spotlights illuminate the tall skyscrapers with bright colors, which are reflected in Biscayne Bay. One of the main attractions in Downtown Miami is Flagler Street, which is a loud and busy strip, full of shops, entertainment and atmosphere. Downtown Miami is also full of countess beautiful buildings and architectural jewels, many of which date back to the early 1900s. The general dimensions of Downtown Miami are between North-East 15th Street and South-East 24th Street, running from the Biscayne Bay waterfront to Route I-95. Within this 28-block-wide area, the Downtown Miami district is particularly rewarding for those exploring the area by foot and there are a large number of tourist attractions. MIAMI ART DECO DISTRICT Miami's Art Deco district is at the very center of Miami's reinvention. Concentrated between 5th and 23rd streets, Miami's Art Deco district dates from the 1930s and 1940s. This beautiful part of Miami almost didn't survive as developers wanted to knock the historic buildings down and install large high-rise blocks of apartments. However, a Miami volunteer group managed to educate the developers and locals and persuade them of the historical significance of these Art Deco buildings, and they will now be preserved in Miami forever. There are more than 800 Art Deco buildings in this Miami district, including many excellent hotels close to the beach. MIAMI SOUTH BEACH AREA (SOBE) South Beach is one of Miami's most exciting and lively areas, occupying the southernmost three miles. Miami's South Beach area is full of up-and-coming art galleries, stylish diners, stylish Art Deco buildings and glorious beaches, attracting large numbers of tourists. This area of Miami is also popular with photographers and film crews, who use the stunning Miami backdrop and beaches to their best advantage. South Beach in Miami is a particularly social area of Miami and during the day time the beaches are lined with sunbathers, and at nighttime, the ten blocks of Ocean Drive become the center of Miami's famous nightlife, with numerous chic terrace cafés and many of Miami's top nightclubs. CENTRAL MIAMI DISTRICT Central Miami is a quieter area than South Beach and this is one of the wealthiest areas on Miami, full of palatial homes of some of Miami's richest residents. There are also a number of excellent golf courses in Central Miami, together with luxurious hotels and country clubs. The southern edge of Central Miami Beach is defined by the Collins Canal, which was constructed in the early 20th century. Central Miami was particularly popular in the fifties and many glamorous buildings remain from this area. NORTH MIAMI BEACH DISTRICT Collins Avenue runs for seven miles through North Miami Beach and there are several noteworthy beaches and parks in this area of Miami. North Miami Beach is made up of four small communities stretching inland, across Biscayne Bay. These areas are: Surfside - this pleasant North Shore Park in Miami marks the southern limit of the North Miami Beach District Bal Harbor - situated directly north, Bal Harbor is similar in size to Surfside, although this is a much more up market area of Miami, home to some of America's wealthiest people Haulover Beach - located just to the north, Miami's Haulover Beach has a large amount of vegetation, a mile of golden beach and a popular nudist area Sunny Isles and Golden Beach - beyond Haulover Park, Miami's Sunny Isles is a quiet area with many cheap, low-budget hotels, fast-food restaurants and souvenir shops MIAMI LITTLE HAVANA DISTRICT Home to the largest ethnic group in Miami, the Little Havana District has a large community of Cubans, which has been growing rapidly over the last few decades. Miami's Little Havana District contains a number of interesting, exotic restaurants, parks, monuments, memorials, shops and food stands, all of which are strongly influenced by the thriving Cuban culture. MIAMI CORAL GABLES DISTRICT Miami's Coral Gables District is located south of Little Havana and is one of the most individual and distinctive areas of Miami. With around 12 square miles of wide boulevards, attractive streets and many stunning buildings with Spanish and Italian architecture, Coral Gables is a very stylish area of Miami. Coral Gables has four grand entrances on the main access roads and the most impressive can be found to the north, along a stretch of South-West Eighth Street. In particular, the million-dollar Douglas Entrance, situated on the junction with Douglas Road, features a large gateway, tower and a number of shops, offices and studios. The quieter areas of Miami's Coral Gables are known as the 'Villages' and these include the Chinese Village, the French Normandy Village and the Dutch South Village. 19 | P a g e
  • 20. MIAMI COCONUT GROVE DISTRICT Coconut Grove in Miami is one of the most fashionable areas to be seen in Miami and is often full of celebrities and the glitterati. This Miami district also has numerous art galleries, trendy restaurants and cafés, huge bay-view apartments with spectacular views. Coconut Grove is situated along the shores of Biscayne Bay and is full of characters from the last century. The main areas of Coconut Grove include Villa Vizcaya, Central Coconut Grove, Charles Avenue, Black Coconut Grove and South Coconut Grove. CORAL WAY Coral Way is the commercial area north of Coconut Grove and embraces the neighborhoods of Brickwell, Coral Gate, Douglas, Parkdale-Lydedale, Shenandoah, Silver Bluff and the Roads. At the weekends, Miami's Coral Way is particularly popular and the district contains some of America's most critically acclaimed condominium designs and historic houses. SOUTH MIAMI DISTRICT The South Miami District is situated to the south of Miami's Coral Gables and Coconut Grove and is full of middle-class suburbs and family homes, reaching the edge of the Everglades. There are several excellent golf courses in South Miami, small shopping malls and a number of tourist attractions, including Parrot Jungle, Metrozoo and the Gold Coast Railroad Museum. MIAMI KEY BISCAYNE AREA The Key Biscayne area of Miami is a compact and well-presented community, located five miles from the Miami coastline. Miami's Key Biscayne is an expensive place to live and contains many up market houses and condos - Richard Nixon once has his presidential winter house is this area of Miami. There are several good beaches in Key Biscayne and a state park, with an excellent cycle path running the entire length of the park. Unless you have a private yacht, the only way to reach Miami's Key Biscayne area is via the Rickenbacker Causeway, which is a four mile stretch of South-West 25th Road, to the south of Downtown Miami. NEW OFFICE REQUIREMENTS The requirements to the office space are: - Enough room for 20 employees including spacious waiting room. - Preferably good condition. - Enough capabilities for Internet connection, phone communication. 1. – DIMENSION AND SPACE. According to “ The Workplace (Health, Safety and Welfare) Regulations 1992” which covers a wide range of basic health, safety and welfare issues and apply to most workplaces, the title dedicated to dimensions and space, says the following, “Room dimensions and space, Workrooms should have enough free space to allow people to move about with ease. The volume of the room when empty, divided by the number of people normally working in it, should be at least 11 cubic metres. All or part of a room over 3.0 m high should be counted as 3.0 m high. 11 cubic metres per person is a minimum and may be insufficient depending on the layout, contents and the nature of the work. “ Workplace health, safety and welfare: A short guide for managers 3 of They are amended by the Quarries Regulations 1999, the Health and Safety (Miscellaneous Amendments) Regulations 2002, the 20 | P a g e
  • 21. Work at Height Regulations 2005, and the Construction (Design and Management) Regulations 2007 . Anthropometry (body dimensions). Actual office space requirements depend on the size and shape of employees simply because an office has to accommodate them, enable them to move safely and unhindered in the workspace, and allow them to complete their jobs. A more spacious office would be always welcome (to allow for easier movement, accommodating visitors, and storage), but the table Below provides some minimum requirements: The space to calculate results quite different depending on the activity of the workers. Considering the first or third option, an average surface could be 7 m2 / person, which makes 140 m2 or 1500 sq ft. That is for workers, supervisors and other common areas. If an additional space is needed such a spacious waiting room, we can suppose about 30 m2 more, (6 x 5 m, e.g.) we are talking now of a space of 170m2, about 1800-1900 sq. ft. Some offices to lease at the moment in the market with these requirements could be the following, though for detailed information it would be necessary to know exactly the distribution according to the work that each worker is going to do. How many secretaries, software developers, (if any), supervisors, HR department, in order to make a more proper search for the office. Distributions are very different in these offices. I have been in contact with several business brokers in Miami, and the offices I have been informed about are all in very good shape, good located, and some of them with parking places, nice environment, and basic installations like electricity, landline, and internet installed and functional. Other ones have shared areas with other offices (like kitchen) that make the price more affordable, but less customizable to the particular needs of the Company. Some examples in the market are the following, 8501 SW 124 AV # 207, 207, Miami, FL 33183 Lease $3,500.00 1,750 Sq Ft Ready-to-use offices in class a building with elegant common areas. Professional/medical offices available September 10 with a large reception area. This could be suitable. More details are the following, 21 | P a g e
  • 22. Building: Year Built: 2007, Floors: 3 Location County: Dade County Access: Clear Height: 9 Ft Heating Type: Central Electric, Central Additional Information: 110 Volts, 220 Volts, Tile Floors, Common Parking, Free Parking, Guest Parking Fortune 2401 Douglas Rd, Miami, FL 33145 Lease $23.00 per SQFT/Yr -Floor 1 Architects, engineers, decorators and planners lease 1800 of class A space in a newly renovated 2 story, class office building. Building has a secure private entrance, new HVAC systems, a monitored security system and large parking lot. Ready for immediate occupancy. 22 | P a g e
  • 23. Ponce de Leon Blvd Coral Gables, 33146 Price on request. This prestigious, modern building provides professional, high quality executive offices, fully furnished and wired ready to move in to. Also available are virtual office packages, a great, affordable solution for home workers who need a prestigious business address. Office Facilities Furnished, meeting rooms, shared space, virtual offices, administrative support, manned reception, telephone answering, alarm security, manned security. Broadband access, telephone system, Wi-Fi, 24 Hour access, air Conditioning Handicap Accessible. Elevators On Site Car. Parking 23 | P a g e
  • 24. Brickell Ave, Miami Brickell Avenue, Downtown, Miami, 33131-3224 Office Summary The center is located in the Greenberg Traurig building in the heart of Miami's international financial community. This center is in a spectacular high-profile tower adjacent to Biscayne Bay and the Atlantic Ocean. Clients enjoy the use of a variety of offices, two meeting rooms and the most advanced equipment. Other available services include word processing, design services and concierge services. A bank, restaurant and fitness-center are all on-site. Office Location This signature Miami center is situated in a spectacular high-profile tower adjacent to 24 | P a g e
  • 25. Biscayne Bay and the Atlantic Ocean. The center is within walking distance to many fine hotels, restaurants, and banking institutions. Only minutes away are world-famous Miami Beach, a convention center, Dade County Courthouse, the Government Center, Miami Cultural Center and sporting arenas. Transport Facilities I-95 Miami International Miami Amenities Access to other centers nationwide Telephone answering Access to other centers worldwide Secretarial services Cat 5 cabling Conference suite Broadband Internet / T1 24-hour access ISDN Security system Meeting rooms IT support Modern building Showers Reception services Brickell Avenue, Downtown, Miami, 33131 USD: $1100 - $3200 per office per month Located on the 19th floor with stunning views of Brickell Avenue and the bay. Each executive suite is fully furnished with sophisticated and stylish furniture. The Virtual Offices plans here are ideal for today's mobile professional and include a prestigious address, phone line and fax line. Office Location: Near to - Bayside Market Place, Mary Brickell Village, Village of Merrick Park and the shops of Miracle Mile. Nearby hotels include the JW Marriott, Mandarin Oriental, Conrad Hotel and Four Seasons. Transport Facilities Metro Rail I95, 836, 395, 195, US1 Miami Amenities Car parking Telephone answering Cat 5 cabling Secretarial services 25 | P a g e
  • 26. Broadband Internet / T1 AV equipment ISDN Conference suite Meeting rooms 24-hour access Close to mainline train station Security system Reception services IT support Close to underground network Air-conditioning Videoconferencing SOME PRELIMINAR CONCLUSIONS. In order to be more accurate, it is necessary – besides of the budget- to know how many departments there will be in the office, people working in each one (for the distribution) what kind of technology is necessary to be ready, etc. Almost all the offices available are in very good shape, furnished, well communicated, near the main roads, or if they are in Miami Downtown or Brickell area, transport is guaranteed with public transportation. If the company usually works with banks, Miami Brickell area would be – from my personal point of view- absolutely the perfect location, since it is the financial district with almost all the banks in the main street, Brickell Avenue, and it is the safest area in Miami. It is surrounded by high condominium towers where people usually rent apartments at very reasonable prices, with swimming pools, gym and parking each tower. Supermarkets, restaurants, schools, libraries, amenities and facilities could be easily found in Miami Brickell area, too. Advertisements depend on the kind of the target the Company would like to reach. Magazines, specialized local press, and the Chamber of Commerce, specially this one, open here the door to new clients. I have been several times in meetings of the German-English Chamber of Commerce in Miami, where members have the opportunity of meet clients of different countries, new relationships, and specially, a lot of amazing opportunities. It is important to remember Miami is the door to the Latin-American market. Sometimes the Spanish and Italian Chamber of Commerce joins and together organizes an event to introduce new members. These reunions are very interesting from the social point of view, since many contacts can be made in order to introduce a new company, members, and colleagues in the incredible, cosmopolite ambient of Miami. MARIA DEL CARMEN PIQUERAS SORIA ASSISTANT MANAGER MIAMI, USA. 26 | P a g e

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