{
  "id": 4812399,
  "title": "The extraordinary rise of Miami’s economy",
  "url": "https://urgent.news/2026/09/01/the-extraordinary-rise-of-miamis-economy",
  "topic": "world",
  "section": "World",
  "published": "2026-09-01T07:25:58.000Z",
  "source": {
    "name": "Hindustan Times - World News",
    "slug": "hindustan-times-world-news",
    "url": "https://www.hindustantimes.com/world-news/the-extraordinary-rise-of-miami-s-economy-101788247010448.html"
  },
  "original_language": "en",
  "account": "In Miami, the luxury-property agent stands outside a skyscraper, celebrating the sale of a house for $50 million. The skyscraper, 830 Brickell, contains one of America's most expensive office spaces per square meter, home to Citadel, a leading hedge fund, and an investment firm owned by tech billionaire Peter Thiel. Miami's economy has experienced extraordinary growth, with its GDP increasing by 23% between 2020 and 2024, compared to a 13% growth in the United States overall. A new wave of high-net-worth individuals, including tech moguls like Jeff Bezos and Mark Zuckerberg, have moved to Miami, drawn by its political influence and lower taxes. The city's economy has transformed, with the property sector accounting for 18% of Miami's economy in 2025, up from 14% in 2014, and construction jobs increasing by 12% since the pandemic. The influx of foreign and domestic investment, combined with a politically favorable environment, has led Miami to become a rival to New York, Chicago, and San Francisco in terms of economic power.",
  "summary": "Thanks to a combination of capital and politics, the city is booming. Can its success be sustained?",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economist Finance",
        "title": "The extraordinary rise of a city’s economy",
        "url": "https://urgent.news/2026/08/31/the-extraordinary-rise-of-a-citys-economy",
        "published": "2026-08-31T17:01:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}