The New Fifth Avenue? The report reveals that 7 of the top 30 commercial districts in the Americas are in South Florida.
According to the "Main Streets Across the World" report by Cushman & Wakefield, seven zones in South Florida rank among the top 30 in the entire Americas:
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Design District, Miami (ranked #11 on the list)
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Worth Avenue, Palm Beach (ranked #13 on the list)
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Lincoln Road, Miami (ranked #14 on the list)
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Brickell Boulevard Corridor, Miami (ranked #18 on the list)
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Wynwood, Miami (ranked #21 on the list)
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Delray Beach-Atlantic Avenue, Palm Beach (ranked #24 on the list)
Las Olas, Fort Lauderdale (ranked #25 on the list)
This prominent presence positions South Florida as the only region in the entire Americas with seven major commercial districts. In comparison, New York only has three on the list.
This phenomenon reflects the ongoing commercial real estate boom in Miami-Dade, Broward, and Palm Beach counties.
The Success of Terranova and Lincoln Road
Lincoln Road, the heart of Miami Beach, has been a magnet for shoppers and tourists for decades. Terranova, as one of the leading owners of commercial spaces in Miami, including Lincoln Road, plays a crucial role in the revitalization and continued success of this famous street.
Every day sees better shops, restaurants, and entertainment spaces, attracting both locals and tourists.
Three IN insights that no one tells you:
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Miami thematizes everything. Everything has a concept, not just a brand, not just branding, but a brand concept, and everything is "thematized," amplified, gamified, tangibilized, and curated in new formats of "brand museology," generating real, tangible, incalculable cultural value.
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Few marketing and branding visions understand the degree of systemic and dynamic details that a business gives in Miami, simply because it understood what customers want.
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Moreover, harmoniously and coherently thought out is more... Understanding this is not trivial in a world where, in pursuit of short- or medium-term profitability, one convinces oneself to give more, to remove details, to remove the supplementary, complementary. It implies moving away from the paradigm of less to more and Pareto's principle, to hack that dynamic.
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Online makes sense only to amplify physical reality; what would Google apps be if they didn't serve to make us arrive better in the car? What would Amazon be if it didn't arrive in a themed box, with your experience? Miami understands that.
Miami constantly drives with events and festivals like no other city in the world, only comparable to Dubai, and that is a very big differential value.
Example: Miami Swim Week 2024: The Epicenter of Fashion and Style
Miami is gearing up to host Miami Swim Week 2024, taking place from May 30 to June 2. This event, which has gained international renown, brings together the best of fashion, wellness, beauty, and lifestyle. From fashion shows to VIP dinners, this week will be an explosion of creativity and glamour.
See note on this mega event here.
IN Conclusion
All of this signifies a mega investment (Capital of capital) and a meta-strategy that implies:
The scrutiny of experience.
Imposing "crossing marketing" (complex, but on the other hand, a totally coherent system where everything is coordinated and interrelated) as the standard of what we call experience.
South Florida and Latin America are experiencing an exciting commercial boom that reflects their growth and continuous development. Miami's presence as an epicenter of fashion and commerce is undeniable, and its impact extends far beyond regional borders.