Miami-Fort Lauderdale-West Palm Beach, FL, MSA
Miami had five multi-family projects topping $200 million in total contract value, as well as a $600-million airport project. The $6-billion, 27-acre Miami World Center recently topped of a 32-story condo tower at 600 Miami World Center. Also underway are the $300-million Royal Caribbean Headquarters expected to be completed next year; a large port construction project; and the $250-million Irma & Norman Braman Comprehensive Cancer Center at Mount Sinai. The metro also has eye-popping numbers of new residents moving into the area — 324,486 from 2020-2024 and an estimated 307 new folks coming into town every day.
SALES ESTIMATES
2025 Total Electrical Sales Estimate: $2,395.8 million
Electrical Contractor $ Potential Estimate: $1,644.7 million
Industrial $ Sales Potential Estimate: $272 million
BUILDING PERMITS
Single-Family: 3,317 permits
Multi-Family: 10,240 permits
POPULATION GROWTH
Population Estimate 2024: 6,457,988
# Change 2023-2024: 123,471
# Change 2020-2024: 324,486
New Residents per Day: 306.6