Why South Florida - 2Q 2023_Final

Tri-County Breakdowns

Population The area is known for its tropical climate, strong international ties, most notably with Latin America, and friendly business environment due to less regulation and lower taxes. The Miami-Fort Lauderdale-Pompano Beach Metropolitan Statistical Area (South Florida MSA) is the seventh largest metro area in the United States with the population expected to reach 6.3 million by year end 2023.

The area contains a younger population with 25 34 year olds making up the largest percentage of the population by age. South Florida has recently seen an increase in new capital, companies, and people moving to the area due to its superior quality of life.

is one of the most culturally diverse areas in the country with nearly half of the population speaking multiple languages besides English.

South Florida

*Wall Street of the South - South Florida Business Journal

Population

Foreign-Born Population

For

Population

Population

Foreign-Born Population

For

POPULATION 2,742,833 Miami-Dade County 1,983,637 Broward County 1,526,603 Palm Beach County 6,253,073 Total MSA

FOREIGN-BORN POPULATION 1,448,147 Miami-Dade County 692,198 Broward County 407,368 Palm Beach County 2,547,713 Total MSA 57% 27% 16%

44%

32%

SOUTH FLORIDA Foreign-Born % by County

SOUTH FLORIDA Population % by County

24%

Financial Services

FINANCIAL SERVICES 213,500 Miami-Dade County 177,600 Broward County 83,200 Palm Beach County 474,300 Total MSA 45% 37% 18%

MULTINATIONALS 1,000 Miami-Dade County 230 Broward County 70 Palm Beach County 1,300 Total MSA 77% 18% 5%

Financial Services

Multinationals

Mu

Financial Services

Financial Services

Multinationals

Mu

SOUTH FLORIDA Financial Services % by County

SOUTH FLORIDA Multinationals % by County

Cushman & Wakefield | Why South Florida

“Wall Street of the South”- South Florida Business Journal