City of Doral Adopts New Fiscal Year Budget with Lowest Millage Rate in Miami-Dade County
Doral, FL. – The City of Doral new budget for fiscal year 2023-2024 (FY23-24), beginning on October 1, 2023, has been adopted with a millage rate of 1.17166. This remains the lowest millage rate* in Miami-Dade County. The approved, balanced budget ensures taxes are not raised for Doral residents and business while prioritizing: Public Safety, Transportation, […]
Florida’s minimum wage to increase on Sept. 30
DORAL, FL – Florida’s minimum wage will be of $12 an hour on Sept. 30, an increase of $1 compared with Sept. 30, 2022. On the other hand, tipped employees will be paid $8.98 an hour this year, according to information on the Florida Restaurant & Lodging Association website. The current federal minimum wage for […]
Fed Holds Rates Steady but Suggests One in Future
It’s the second no-interest-rate-change decision over the past three meetings. Inflation is still above 2%, however, and the Fed says a future increase is still likely. WASHINGTON (AP) – The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight […]
Miami-Dade wages soar far faster than nation’s
Wages in Miami-Dade rose far faster than the national average in the year’s first quarter, a new report from the US Bureau of Labor Statistics shows, with an average gain of 9.4% here over first quarter 2022 but a national gain of only 6.6%. As businesses battled to fill open jobs, especially in service occupations, […]
Miami Ranks Among Safest U.S. Cities, Gallup Poll Says
A new Gallup poll shows that Americans now think of Miami as one of the safest cities in the U.S. According to survey, 59% of Americans consider Miami a safe city to live and visit – the 5th highest ranking city, and far ahead of cities such as New York, Los Angeles, Chicago, or San Francisco. It […]
Miami International Airport soars toward record 52 million passengers
Miami International Airport (MIA) is on pace to handle more than 52 million travelers this year, according to statistics released this week. The airport served 26.2 million passengers during the first six months of 2023, a 2.6% increase over the first six months of 2022. Traffic rebounded post-covid last year to a record-breaking 50,684,396 passengers, […]
Commercial real estate booms near Miami International Airport
Due to its proximity to Miami International Airport, Doral’s commercial and industrial real estate remains strong, as one of the most sought-after areas in Miami-Dade County. The Doral and airport sector, as of the second quarter of the year, has a vacancy of 3.9% and an average asking rate of $50.27 per square foot for […]
Miami International Airport to get one new hotel, not two
Miami-Dade County Commission Chairman Oliver G. Gilbert III was pushing for two new hotels at Miami International Airport. He got half of what he asked for at Tuesday’s meeting. The quest for a new, upscale hotel at the airport was supposed to be “expedited,” on the fast track, when it was first proposed. That was […]
Hurricane Ian Rocked Southwest Florida. Nine Months Later, Its Real Estate Market Is Booming Again.
Last September, Hurricane Ian caused widespread damage and destruction to Southwest Florida, with the Cape Coral-Fort Myers metropolitan area taking a direct hit. In the aftermath of the Category 5 hurricane’s 155-mile-per-hour winds, many residents were forced to leave their homes and seek shelter elsewhere, while many businesses permanently closed their doors, leaving empty storefronts across […]
Prologis Buying $3.1B In Industrial Properties From Blackstone
Prologis agreed to buy 14M SF of industrial property from Blackstone in a $3.1B all-cash deal aimed at strengthening its position as the world’s largest industrial property company. The acquisition of about 70 properties expands Prologis’ real estate portfolios in Atlanta, Washington, D.C., California, Dallas, Las Vegas, New York and New Jersey, Phoenix and South Florida, the companies […]
