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PRESENTATION OF DATA 26 Population Projections by County—South Florida MSA—2015—2025 Compound Compound Population 04/2014 2020 2025 Annual Annual (000's) Growth Growth Rate 12-20 Rate 12-25 United States 316,129.0 333,896.0 346,407.0 0.9% 0.80% South Florida 5,828.4 6,077.2 6,339.8 1.0% 0.9% Miami-Dade 2,617.2 2,761.1 2,892.4 1.1% 1.1% Count Broward 1,839.0 1,850.8 1,901.5 0.6% 0.6% Count Palm Beach 1,372.2 1,465.3 1,549.9 1.3% 1.2% Count Source: Florida Research and Economic Database(BEBR) In recent years, the population growth in the region has been slower than the statewide average, as South Florida developed into an established population area compared to smaller communities. In addition, the region is bordered to the east by the Atlantic Ocean and the west by the environmentally protected Everglades, which limits the land area that can be developed in this metropolitan market. This is particularly evident in Broward County, where slower growth during the last decade has been caused by the diminishing supply of developable land in that market. Other items of note: • Broward County had 1.84 million residents, compared with 1.75 million in 2010. The biggest driver was international immigration, which accounted for 39,565 new residents. Domestic migration added 25,965 while natural population increase (the number of births minus deaths) boosted it by 20,026. • Palm Beach County grew to 1.37 million people, vs. 1.32 million in 2010. The biggest increase came from domestic migration (25,662), followed by international immigration (20,237)and natural population increase(1,517). • Miami-Dade County had 2.62 million residents, compared with 2.5 million in 2010. It actually had a net loss of 19,877 residents who moved to other parts of the United States. However, that was more than replenished by 93,196 arrivals from overseas. Natural growth made up 36,778. • When calculating international migration, the Census Bureau includes U.S. citizens, members of the armed forces and foreign-born people who move between the United States, Puerto Rico and other countries. • Population growth is forecast to continue strengthening as Florida remains one of the fastest growing states in the country. In the near-term, growth is expected to average 1.3% between 2013 and 2015 — and then continue its recovery in the future, averaging 1.4% between 2015 and 2020. Nationally, average annual growth will be about 0.74% between 2013 and 2030. The future will be different from the past; Florida's long-term growth rate between 1970 and 1995 was over 3%. Experts predict that the state will add Clobus, McLemore & Duke, Inc.