A file photo of an aerial view of downtown Miami. The city’s transformation and gentrification is so similar to San Francisco’s that Miami-area nonprofits are turning to organisations in the Bay Area for guidance. — Miami Herald/TNS
During the pandemic, some major cities across the country saw an exodus, accompanied by a dip in rental prices – but Miami is experiencing just the opposite.
Drawn by the year-round sunshine and beaches, the city became a destination for people from places like New York, Chicago and San Francisco. With the help of Miami Mayor Francis Suarez, Miami pitched itself as tech’s newest hot spot, with Microsoft, venture capital firm Founders Fund and private equity giant Blackstone, among others, opening offices. Miami was dubbed the future capital of cryptocurrency.
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