The city of Miami has become an important global business hub and home to the most significant concentration of foreign banking institutions south of New York . Miami is ranked among the top 10 cities in the world for international investors, where quality of life and cultural diversity are unmatched 
Miami has long been a popular destination for migrants with over 48 nationalities present citywide. It has also become a popular destination for American retirees for the sunny weather and stunning beaches. The city is also home to Miami Beach´s Art Deco District listed in the world’s largest collections of the famed architectural style . The flourishing business environment of the city has translated into strong rental growth; over the past 5 years ending January 2015 rental rates for all homes have increases 29.12%.