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Miami Beach Florida Real Estate |
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Miami Beach - The supply of housing units grew by nearly 8,000 during the decade, with condo towers going up rapidly even as population growth was basically nonexistent (the city population fell 154 residents to 87,779). Today, the city’s 20,000 empty homes account for about 30% of all properties, more than three times the statewide vacancy rate. Of course, the difference between permanent residents and part-timers with second homes could account for some of that.
23,000 CONDOS - In the city of Miami, where more than 23,000
new condo units were built between 2000 and 2010 and the downtown
skyline was completely renovated, population growth was slower than
expected.
The census pegged Miami’s population at just under 400,000, up about 10%
from 2000. City advocates had expected a much larger increase, and are
once again expressing a long-held position: The federal government
severely undercounts Miami population.
In 2008, then-Mayor Manny Diaz challenged the Census Bureau’s figures
with a count of the city’s own, saying that the agency missed more than
65,000 residents in its tally. The Census accepted the city’s challenge,
eventually upping the total to about 425,000 in 2008, before coming
back with a lower total this year in the dicennial count.
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