Miami Real Estate: Tourism and Real Estate Continue to Dominate South Florida Economy

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By Douglas Hanks
Does tourism really fuel South Florida’s economy? Yes and no.The chart above is a look at South Florida’s economy by each industry’s share of output. The proportions come from the 2010 Gross Domestic Product numbers released Tuesday by the Commerce Department. The numbers measure both wages and profits earned by businesses in the industry (money-losing businesses lower their sector’s output). This includes data from Broward, Miami-Dade and Palm Beach. Real estate holds the biggest share. Then government. Then wholesale trade and finance. Way down in ninth place sits hospitality, with about a 5 percent share. That’s a misleading figure, though, since a good chunk of the region’s retail industry thrives on visitors. Combined, hospitality and retail accounted for about 15 percent of the economy. That would easily put the sector in second place. Of course, you could argue that real estate and financial services feed off each, and should be treated as one industry, too.


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Pamela Diaz-de-Leon With an accomplished background encompassing Diplomacy, Architecture, Business and Film, Pamela Diaz-de-Leon brings to the real estate industry the entrepreneurial expertise which stem from her interdisciplinary experience. Her world wide network of distinguished personalities carefully knitted of relationships formed in her five years as the Cultural Attaché for the Instituto Cervantes, serving the King of Spain, in Chicago, and her Hollywood connections acquired while working with a recognized film distributor, give her the global platform in which she has developed her business with great success. Knowledgeable, informed and organized she holds ethics and integrity as her highest values thus, providing her customers with an excellence of service that ensures their utmost satisfaction and their continued loyalty to her work. Office. 305.677.5055 Cell. 305.720.8439
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