Top 15 US cities with skyscrapers/high-rises under construction

[Altoic]

Originally Posted by lio45

As a magnet for outsiders who've earned their money elsewhere, it's very logical that the local wages vs property prices ratio would be particularly bad. (Vancouver is even worse, for the same reasons as Miami plus it's much easier to bring foreign cash to Canada than to the US.)

You also can witness this phenomenon at the national level, with places like Asheville, NC where locals are mostly shut out of the market.

Yeah, foreign buying is especially common in Sunny Isles.

[Djesus777]

Originally Posted by Altoic

Besides climate change issues, which is a serious issue to outline. I really don't see why the other issues you listed are special to Miami. 80% living paycheck to paycheck? I haven't seen that statistic anywhere but if you have it and it's exclusive to Miami please link it.

Are people claiming Miami to be the city of the future? I mean I can see some people say that, but I haven't really heard anyone say that. Especially since this thread shows the opposite of people's opinion on the future and outlook of Miami.

The city's lacking transportation, mobility, and an overall lack of urbanism is a problem almost any other city in America faces. Besides Boston, NYC, Washington DC, Toronto (although not an American city), and a few other cities, most of America shares the same urban planning as Miami. Climate change is an issue Miami will need to face over the years and will need to overcome, but all the issues you listed seems really unfair and not exclusive to Miami.

I don't see Miami putting crypto over the well-being of citizens either. Yes, the government of Miami does have a fascination with crypto, but you can have an interest in crypto and still care about your citizens.



I think it's fair to say corruption exists in Miami, but it certainly does in many other cities also. This isn't meant to bash any other cities as each city is beautiful in its own ways, but there's a serious bias showing.

https://indianexpress.com/article/techno...bitcoin-based-miamicoin-among-residents/

None of what I said is "unfair", it's the reality of someone who was born and raised there and experienced everything first hand. It's a major city that acts as if it's perfect, yet I always love to expose the hypocrisy. It has its good and bad, but you bet I will unapologetically call the city out when needed.

For the first comment, couldn't find the link anymore, but there is another recent one that states the average family has to spend 86% of their income to afford the median priced housing in the area. However, in 2020, 60% of Miamian's were living Paycheque to Paycheque, 4th highest in the U.S. Miami is now the most expensive and unequal city in the U.S, so I'm sure that 60% figure is ridiculously higher.

https://www.cbsnews.com/miami/news/miami-now-least-affordable-housing-market-in-u-s/

https://www.inman.com/2022/07/12/interes...the-least-affordable-city-in-the-nation/

Agree with the second part, however we're talking strictly Miami here. I personally think it has more issues than other cities in the U.S, it just hides it better because Florida in general is fantastic when it comes to marketing. People always assume I'm being harsh, but no, being realistic does not equal being harsh.

And 110% Miami puts crypto over the wellbeing of citizens. The mayor always talks about crypto, tech, more crypto, went to SF and NYC to get donors for his campaign (all tech and crypto bros) and to buy real estate in Miami (funny enough, I'm in the same building and it's empty 90% of the time). Meanwhile rents have gone up between 60-115% YoY, incomes only 6%. Job growth was embellished, Miami is not a tech hub, Miamicoin is a hilarious failure, homelessness is increasing, low-income rates are increasing, inequality is out of control, speculation is rampant and much more than before. Has there been anything done to help with this? No. All you see the mayor post about are his God-awful cafecito talks. Obviously it's not only up to him but all levels of government are MIA in Florida.

Is it exclusive to Miami? No, but is Miami the epicentre at the current moment? Yes. All the attention is at the city due to their covid-boom and it's only fair to talk about how it's a ticking time bomb and more so than other major cities. Add the climate change factors and then you realise the city is in terrible shape with a lot of risks. No bias there, this is coming from a local who also studies cities, Miami is on the brink of catastrophe.

And another note, that link you provided makes me laugh more, because Miamicoin is worthless, 99% below it's all time high of a whopping *checks notes* six cents. No bias there, just calling what I see.

[Altoic]

I agree with a lot of the points you made. Miami does have a huge problem with climate issues, and the tech scene along with the crypto seems like a hype train that seems to be dying off. Although the tech hype for Miami did bring some jobs and more opportunities are opening up, I believe it's been blown out of proportion. On the topic of MiamiCoin, the coin did fail but I don't believe the mayor did it with malice. It just depended on how the coin was handled, and sadly it failed.

I'm not sure of anyone who claimed Miami was perfect except for people frequenting twitter and claiming it's the new epicenter of tech, they're just living the moment I guess. I understand where you're coming from. It's frustrating to see the mayor be all hype while systemic issues are ongoing.

Their handling of the ongoing climate issues is also pathetic. Action needs to be placed right now and I don't think the government is doing enough. I don't necessarily think it's a ticking time bomb destined to burst, however. Just like most things on this planet, eventually, the problem will get so bad that they're forced to wake up and tackle it, that's really just humans. I don't see the government or the citizens letting Miami be destroyed.

On the topic of rent increases relative to income increases. I'm not sure where you stand on rent control. Many people believe it works while there are some people who are strongly against it. Building more affordable housing for those can also be a solution. Or, you can take the route of building more to stabilize supply and demand. One thing that's proven to not work is to have zoning laws that only support single-family housing. That not only raises prices but creates less housing for people in need. Right now we reached the peak of the housing market, and it's only a matter of time before rents decrease.

I believe Miami does a lot of things right, however.

They don't do necessarily bad with transit. Their transit system is a bit outdated and in need of work with more funding, but it's relatively extensive and offers decent services.

https://www.miamidade.gov/transit/library/system-map-brochure.pdf

Transit-orientated development is also a plus in Miami. Transit-orientated development is always highlighted by Miami-Dade as it's a good solution to cheap housing (at least for Miami) as the land is cheaper than Brickell and Downtown, while it also offers good access to transit for the local citizens. We've seen hundreds to thousands of units added near transit stops in the recent years, with much more planned.

Zoning laws are definitely more lenient than in other cities, which allows for more density and better urban growth besides single-family homes. The federally protected everglades also function as a physical barrier for any new developments. Meaning building up and densifying is one of the only solutions.

Miami, while housing is the closest thing from affordable. The county and local governments have been making efforts to help with affordable housing. For example,
During the summit, Mayor Daniella Levine Cava announced the following actions:

A new goal to have at least 18,000 units of affordable and workforce housing in financial closing by the end of 2023, in addition to the 14,000 units already in the pipeline, for a total of 32,000 additional units that will be added to the housing supply. The administration is partnering with the University of Miami (UM)'s Office of Civic and Community Engagement to create a real-time dashboard to monitor units from planning to completion since the beginning of the mayor's term (November 2020) to December 2023. To see the dashboard, visit https://miamidade.gov/housingtracker
A partnership with the Miami-Dade County School Board to develop new workforce housing projects at three School Board underused properties that will generate hundreds of additional workforce housing units for teachers. The U.S. Department of Housing and Urban Development recently highlighted Miami-Dade County’s ongoing partnership to build workforce housing units for teachers on County property in Brickell as a best practice.
A commitment of up to $100 million from the Healthy Housing Foundation to invest in affordable housing in Miami-Dade, part of the mayor's efforts to convene funding partners and bring significant new investment to build affordable housing in our community. $5 million will go towards Mayor Levine Cava’s recently launched Building Blocks Fund – increasing the funds available to $75 million to finance the development and preservation of affordable and workforce housing in Miami-Dade County.

https://www.miamidade.gov/releases/2022-06-30-mayor-housingsummit-finalrelease.asp

The diversity, culture, and art scene in Miami are also a plus. It's not a perfect city but it's definitely beautiful and great to see.

[Crawford]

What is Miami's attraction for tech? Aren't tech firms typically looking for major concentrations of highly educated young folks, premiere research-oriented universities and a favorable legal/regulatory environment? On what basis does that put Miami into play?

Miami has a shit-ton of assets but pretty much none related to a SV rival. It sounds more like political BS, with Florida as the anti-California, DeSantis as the anti-woke, minimal Covid-era safety measures, etc. More like a broish epic troll than anything substantive.

[chris08876]

Just for comparison purposes. Yeah I think we will remain a solid 2nd indefinite but good to know where the U.S. ranks.

One area to note is super talls. We are fast approaching #2 in that category and have jumped tremendously over the last 5 years.

[Yuri]

Very interesting list, chris! Indeed it's quite weird to have the US, skyscrapers "old land", getting close to surpass "new land" UAE on +300m when one would expect the other way round.

And watch out for Brazil for +150m: Balneário Camboriú got the genie out of the bottle and the highrise land finally found out skyscrapers are only a step forward.

Balneário Camboriú already built a +300m, Brazil's first supertall, which is not on the list. São Paulo got a new tallest this year (172m), displacing the 1950's Mirante do Vale (170m) and there are now dozens of projects above 150m.

Within five years, Brazil will be firmly on Top 10.

[Zapatan]

Originally Posted by Yuri

Within five years, Brazil will be firmly on Top 10.

Possibly, I could see India or Mexico competing for the next top 10 spot though.

Balneário Camboriú already built a +300m, Brazil's first supertall, which is not on the list.

It looks like the tallest buildings in that city are 280-290 meters, which one are you referring to? There is one planned that's 500+ meters though. But yea Brazil has a lot of potential, it's a huge country with dense cities.

If São Paulo got some skyscrapers, it could look like Shanghai.

Very interesting list, chris! Indeed it's quite weird to have the US, skyscrapers "old land", getting close to surpass "new land" UAE on +300m when one would expect the other way round.

USA has 30+ times the population of the UAE, I'd expect a bit more honestly.

Why is US "skyscrapers old land" though? It's the historical boss and inventor of tall buildings, it just has a huge amount of competition from Asia now. It's the only Western country building 400+ meter buildings and an abundance of 300+ meter buildings. It's also the only country aside from China approaching 1000 official skyscrapers (when factoring in U/C buildings).

[Yuri]

Originally Posted by Zapatan

Possibly, I could see India or Mexico competing for the next top 10 spot though.

I don't think Mexico would compete in the long run because Brazilians like highrises way more than Mexicans and there will be countless buildings just above the 150m line rising up all over the country.

India, on the other hand, it's so big. If they get into this race, it will go to Top 3 in no time.

Originally Posted by Zapatan

It looks like the tallest buildings in that city are 280-290 meters, which one are you referring to? There is one planned that's 500+ meters though. But yea Brazil has a lot of potential, it's a huge country with dense cities.

If São Paulo got some skyscrapers, it could look like Shanghai.

Yeah, it could be. But haven't they put some pinnacle on top of it or something? It's been four years since I abandoned SSC so I'm not tracking those things close.

About São Paulo, the city updated it's zoning law and that made wonders: after decades of incredibly stupid zoning laws, turning the city into a sea of "towers in the (small private) park" is back to its origins and we're seen buildings rising in very tiny plots, wall-to-wall, no parking lots, which was strictly forbidden till few years ago.

Balneário Camboriú also desmystified the idea of tall buildings.They turn them into something ordinary and that started to influence cities all over the country, including São Paulo. Fortunately, quality will be much better here than in BC.

Originally Posted by Zapatan

USA has 30+ times the population of the UAE, I'd expect a bit more honestly.

Why is US "skyscrapers old land" though? It's the historical boss and inventor of tall buildings, it just has a huge amount of competition from Asia now. It's the only Western country building 400+ meter buildings and an abundance of 300+ meter buildings.

For the past 25 years we got used to the idea of China, UAE, other Asian countries and even Europe catching up the US. That's why I said it's a bit weird to learn the US will surpass UAE.

And as you said, now it's the US/NYC turn to boom again.

[Zapatan]

Originally Posted by Yuri

For the past 25 years we got used to the idea of China, UAE, other Asian countries and even Europe catching up the US. That's why I said it's a bit weird to learn the US will surpass UAE.

And as you said, now it's the US/NYC turn to boom again.

Europe? Where in Europe even remotely compares to the US skyscraper-wise?

Russia comes the closest but that's not really Europe, and it's still way behind in most categories.

[Yuri]

Originally Posted by Zapatan

Europe? Where in Europe even remotely compares to the US skyscraper-wise?

Russia comes the closest but that's not really Europe, and it's still way behind in most categories.

I'm not saying they compare. I'm saying those regions built almost 100% of their skyscrapers from the 1990's to now, whereas the US have them since the 1920's.

My whole life was in this context, with the US losing share on skyscrapers. That's all.

[iheartthed]

Originally Posted by Crawford

What is Miami's attraction for tech? Aren't tech firms typically looking for major concentrations of highly educated young folks, premiere research-oriented universities and a favorable legal/regulatory environment? On what basis does that put Miami into play?

Miami has a shit-ton of assets but pretty much none related to a SV rival. It sounds more like political BS, with Florida as the anti-California, DeSantis as the anti-woke, minimal Covid-era safety measures, etc. More like a broish epic troll than anything substantive.

I think it boiled down to crypto enthusiasts and/or startups focused on Latin America.

[Steely Dan]

Originally Posted by Zapatan

Russia comes the closest but that's not really Europe, and it's still way behind in most categories.

Russia is a text book overachiever as a skyscraper nation.

7 supertalls!!!

impressive.

But only 51 towers over 150m.

That's a pretty thin bench relative to the true skyscraper powerhouses like china and the US.

[Yuri]

Originally Posted by Steely Dan

Russia is a text book overachiever as a skyscraper nation.

7 supertalls!!!

impressive.

But only 51 towers over 150m.

That's a pretty thin bench relative to the true skyscraper powerhouses like china and the US.

Yes, Russia was very representative of this non-US boom that changed the world's skyscraper map. London also had a massive change on their skyline. The tallest one in the early 1990's it's completely hidden in the City and you never see it on the pics. When I was teenager I had a puzzle showing London's City and there was only it and St. Paul Cathedral.

[MAC123]

Originally Posted by Steely Dan

Russia is a text book overachiever as a skyscraper nation.

7 supertalls!!!

impressive.

But only 51 towers over 150m.

That's a pretty thin bench relative to the true skyscraper powerhouses like china and the US.

Isn't that the same for Dubai? It's either a 300 M + tower, or a mansion/single family home.

[Steely Dan]

Originally Posted by MAC123

Isn't that the same for Dubai? It's either a 300 M + tower, or a mansion/single family home.

it's a bit similar on a relative basis, but with 314 towers over 150m (3rd most in the world), UAE's bench is MUCH deeper than Russia's

[Djesus777]

Originally Posted by Crawford

What is Miami's attraction for tech? Aren't tech firms typically looking for major concentrations of highly educated young folks, premiere research-oriented universities and a favorable legal/regulatory environment? On what basis does that put Miami into play?

Miami has a shit-ton of assets but pretty much none related to a SV rival. It sounds more like political BS, with Florida as the anti-California, DeSantis as the anti-woke, minimal Covid-era safety measures, etc. More like a broish epic troll than anything substantive.

Miami doubled-down on crypto as a response to the Bay-Area and are focused on VC. However:

A lot of 2021 VC numbers that counted for Miami, happened when the company was HQ'd elsewhere. I forgot which company it was, but it was a huge raise, I think $500M, but they were based in the UK and announced a new Miami office in the press release. That $500M was then added to Miami's totals.

Tech growth was embellished: The mayor was saying stuff like: 5K+ tech jobs created in Miami, then 7k+ tech jobs in Miami. Fastest tech growth in the U.S (he even claimed in the world). "we have 50,000 job postings" was another.

When the dust settled, the total growth for the whole Miami MSA was just 2,072 tech jobs. CBRE numbers also indicated a contraction but I know they have a different method of counting tech jobs.

Crypto is in winter mode right now and lots of layoffs happened in Miami's crypto scene.

The other funny thing is, of the Miami tech companies that did grow, most of their hires are remote workers who live elsewhere. So they're hiring, but they don't work in Miami and Miami does not see their money for the most part.

A lot of techies I know who moved there during the covid high-times ended up going back to SF, NYC or some went to L.A or Austin. Some also moved to Orlando, Charlotte and Nashville.

Miami tried to be a tech hub, failed and has no response to SV nor will it overtake it as Rabois and co said. Miami should just stick to Hedge funds since there's already that concentration there.

[Zapatan]

Originally Posted by Yuri

Yes, Russia was very representative of this non-US boom that changed the world's skyscraper map. London also had a massive change on their skyline. The tallest one in the early 1990's it's completely hidden in the City and you never see it on the pics. When I was teenager I had a puzzle showing London's City and there was only it and St. Paul Cathedral.

Russia actually built a few really tall buildings though, almost rivaling the USA's skyscrapers.

London has added a lot but as far as roof / occupied heights go the tallest buildings are around 8-900 feet. The tallest building in Oklahoma isn't much shorter than London's tallest skyscrapers (not even joking).

I'm not saying they compare. I'm saying those regions built almost 100% of their skyscrapers from the 1990's to now, whereas the US have them since the 1920's.

My whole life was in this context, with the US losing share on skyscrapers. That's all.

The US used to be the skyscraper king, now it's just one of the skyscraper kings, but I think it's more slow and steady than China or the UAE.

The CTBUH sold the US short on the world's tallest building too, Sears is more of a match for Taipei 101 than the Petronas towers due to the whole pinnacle thing.

[dave8721]

Originally Posted by Crawford

What is Miami's attraction for tech? Aren't tech firms typically looking for major concentrations of highly educated young folks, premiere research-oriented universities and a favorable legal/regulatory environment? On what basis does that put Miami into play?

Miami has a shit-ton of assets but pretty much none related to a SV rival. It sounds more like political BS, with Florida as the anti-California, DeSantis as the anti-woke, minimal Covid-era safety measures, etc. More like a broish epic troll than anything substantive.

Attractive for tech CEO's/founder-types (not necessarily their workers). Young, wealthy men get to hang out on the beach in a low tax environment. Most of the companies tend to be crypto oriented which is a certain libertarian leaning personality type.

[Zapatan]

More like a broish epic troll than anything substantive

I think Miami is a bit more left leaning than the rest of Florida, it also has tropical weather and amazing nightlife (from what I hear).

It definitely has some things going for it.

[Steely Dan]

Originally Posted by Yuri

Yes, Russia was very representative of this non-US boom that changed the world's skyscraper map.

russia was a part of the paradigm shift, but the lion's share of it was east asia and the middle east.

europe (including russia) was a MUCH smaller piece of that puzzle.




check this out, according to the SSP data base, in 1990:

US/Canada: 474 >150m / 12 >300m
rest of the world: 158 >150m / 1 >300m

my how things changed over the past 3 decades.