Why South Florida

ACCELERATED NEW-TO-MARKET TENANT DEMAND

New-to-market demand persists as major driver of deal activity in South Florida, having reached unprecedented levels during the COVID-19 pandemic and remaining strong in its aftermath. Miami and West Palm Beach in particular have emerged as strategic hubs for business relocation and expansion, attracting a diverse mix of industries, including finance, technology, media, and logistics. • Over the past 24 months, more than 30 NTM companies have established a presence in South Florida. High-profile firms such as Citadel, Thoma Bravo, Goldman Sachs, FIFA, Industrious, and Knotel have all expanded into the region, drawn by favorable tax structures, a growing talent pool, and an increasingly interconnected regional economy. • This influx of new corporate tenants has brought a wave of new wealth to the area, allowing landlords to raise rents to historic highs and further cementing South Florida’s position as a premier destination for business attraction and expansion.

INDUSTRIOUS

GOLDMAN SACHS

Jupiter

NATIONS BENEFITS

MILLENNIUM MANAGEMENT

West Palm Beach

DYCON

Boca Raton

WEST MARINE

ORBIS EDUCATION SERVICES

Fort Lauderdale

Hollywood

THOMABRAVO

30+ COMPANIES RELOCATED OR EXPANDED OVER THE PAST 24 MONTHS.

Miami Beach

Miami

BLOCKCHAIN

Brickell Coconut Grove Downtown

AERCAP

HOUSE OF WISE

SANTANDER

KNOTEL

FIFA

KASEYA

CITADEL

Cushman & Wakefield | Why South Florida

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