Every week, the Miami market produces a data point that reads like a headline. This time the headline arrived ready-made: Forbes Brasil published a portrait of South Florida as a destination for global capital — tax exemption, tropical climate and corporate expansion driving record appreciation. This article organizes the figures cited by the magazine, with sources at the end.
The number: +67% in five years
Over the past five years, Miami-Dade, Broward and Palm Beach counties recorded strong growth, with premium Miami home prices up 67%, according to Forbes Brasil. It is the kind of number that condenses a decade into one line: South Florida stopped being a regional market and started competing for capital with the world's major hubs.
The engine: tax exemption and corporate migration
The engine of the transformation, according to the magazine, is fiscal: Florida levies no state income tax. Business owners and investors have been leaving high-tax states — New York and California first — for the Florida market. And it is not only individuals: large corporations and fund managers have also moved headquarters and operations to Miami, bringing high-income jobs and demand for high-end housing.
Who arrived: the US$100M club
Forbes cites transactions by names such as Jeff Bezos, Mark Zuckerberg, Larry Ellison and Ken Griffin, at values exceeding US$100 million per property. When a market's reference buyer becomes the global billionaire, neighborhood pricing moves to another level — and that is the force behind the records in Indian Creek, Brickell and the Biscayne Bay islands.
The market's answer: St. Regis in Brickell, US$1.3B sellout
On the supply side, the answer comes as branded architecture: St. Regis Residences, on the Brickell waterfront, developed by Integra and Related Group with design by New York architect Robert A. M. Stern, totals a US$1.3 billion sellout, according to Forbes. The address is 1809 Brickell Avenue, with interiors by Rockwell Group — and the magazine itself notes the style adapted to serve an increasingly American demand.
The project is in our Brickell development map, with units starting at US$5.6 million.
What it means for buyers coming from Brazil
Three forces combine in South Florida: strong currency, no state income tax and limited waterfront supply. It is the same wealth-dollarization logic that has brought Brazilians to Miami for years — now endorsed by the world's most demanding American capital.
Headline numbers, however, do not replace the analysis of each asset: street, building, sales history and exit strategy still decide the outcome. That is exactly the work of someone who follows the market every day.
Sources
- Forbes Brasil (@forbesbr) — “Isenção fiscal, clima tropical e expansão corporativa impulsionam valorização recorde no Sul do estado” (Instagram, 09/30/2026). 67% figure, US$1.3B sellout and billionaire transactions as published.
- St. Regis Residences Miami — project fact sheet (Related Group & Integra Investments; 1809 Brickell Avenue; architecture by Robert A.M. Stern Architects; interiors by Rockwell Group).
- MiamiResidential — St. Regis Brickell Residences listing (from US$5.6 million; US$2,200 per square foot).