Norwegian Cruise Line_OM_C&W Miami FINAL RSF

Macro Economic Overview SFL MIGRATION – BUSINESS & LABOR

South Florida Business Boom Unmatched

No better region in the country to invest & benefit from significant near term & long term growth

Companies Relocating HQ, Opening New Offices, Expanding Recently Opened Offices, Or Principals relocated Full-Time

West Palm Beach

Prior to the Covid-19 pandemic, the South Florida economy was firing on all cylinders with record low unemployment at 2.2%. Undoubtedly, the pandemic and forced business shutdowns had a temporarily damaging effect. But since offices and businesses have began to fully reopen across the state, activity has roared back at a fervent pace. Coming out of the pandemic, there is proving to be no better region in the country to invest and benefit from significant near term and long term growth than South Florida. As a result of the shift in white collar jobs moving to more remote work, large numbers of professionals are flocking to South Florida due to its quality of life, lack of state income taxes, and business friendly government policies. In addition to individuals moving to South Florida, a large number of companies have recently moved to or announced plans to move to the area. Cushman & Wakefield has tracked nearly 100 companies that have recently moved or announced plans to relocate their headquarters, relocated a division of their company, opened or expanded an office, or heads of companies have moved their permanent residence to South Florida. News of job relocations is happening at a rapid pace with new announcements occurring on a weekly basis.

Palm Beach County

Miami-Dade County

AeroClean Technologies Amazon Colony Capital Elliot Management Finfrock Goldman Sachs Moving Minds Neptune Wellness NewDay USA Point72 Asset Management (Steve Cohen) PulteGroup

Accelerator Ventures Adi Dassler Int’l Family Office Apollo Global Management Appaloosa Management Atomic Baker McKenzie Balysny Asset Mgt Bit Digital Blackstone Blumberg Capital Boston Private C3

Maple Capital Management Marathon Asset Management Marco Financial Microsoft Millenium Management Moore Capital Nirvana Technologies North Equity Novo Nucleus Research Palm Drive Capital Pipe Technologies Plug & Play PNC Bank Point72 Asset Management (Steve Cohen) Purple Red 6 Reef Technology Schonfeld Strategic Advisors

Boca Raton


& Over 1.5 MSF of Publicly Announced Office Space

7,500+ New Jobs

Retro Fitness SIW Solutions V2 Tech Virtu Financial, Inc.

Cano Health Chase Bank CI Financial Citadel D1 Capital Partners dd’s Discounts Driveshack Exist Inc.


Fort Lauderdale

New York City


Broward County

Exuma Biotech Florida Funders Founders Fund General Catalyst Globant GoPuff Hidden Lake Asset Management Icahn Enterprises JPM Kaseya Loupe Tech Machinist

Shiftpixy SoftBank Starwood Capital


Alpha 2 Benefytt Technologies Chetu Future Tech Enterprise


San Francisco

Subway SwagUp Testd Thoma Bravo Uber Universa Investments Various Windstar Cruises XBTO Group


Labor Migration 1,218 people Moving into Florida Daily

GameStop PJ Solomon

Project Beecham Project Disembark Project Eterias Project Midnight

Los Angeles


Brightline Tri-Rail

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Cushman & Wakefield | 36

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