Florida might not be just for grandparents anymore.
Real estate experts say that a combination of the climate and the pandemic-driven work from anywhere mentality is leading companies to leave traditional corporate hubs like New York for South Florida, including, like Citadel, Blackstone, Goldman Sachs, according to GlobeSt.com
“The pandemic has introduced a lot of uncertainty and a lot of questions,” said R&B Realty Group’s Head of Development and Acquisitions, Shelby Rosenberg, whose company made its own exodus to the south. “The general migration from the northeast down to Florida has been building over the past several years, especially because of the tax benefits, quality of life, and of course, the great weather. “New York will continue to be a vibrant place to do business, but Miami also has a lot to offer—the weather, cost of living, great schools—all amenities that attract a high-quality workforce,” he says. “Top CEOs and executives are coming to these conclusions, so although this has been a trend for years, the pandemic has actually increased the momentum, and now we’re seeing the migration at an accelerated rate.”
Real Estate Broker Felix Bendersky told NBC 6 in Florida that said he shows properties to about a dozen groups a day.The interest isn’t only coming from New York, he said– it’s also coming from Canada, Moscow, and Los Angeles. “It’s been the busiest year on record strictly because of the amount of out of state business we are getting,” Bendersky said.