Why South Florida

Accelerated New-To-Market Tenant Demand

New-To-Market (NTM) demand continues 2 years after reaching an all time high during the pandemic. NTM interest, particularly in Miami and West Palm Beach, has pushed South Florida to the forefront of post-pandemic economic success. Over 30 NTM companies have taken up residence in South Florida over the past 24 months. Notable companies such as Citadel, ThomaBravo, Goldman Sachs, Industrious, and Knotel have all expanded into the region. The Citadel lease at 830 Brickell highlights the massive wave of companies flocking to South Florida, and more specifically Brickell and Downtown Miami. This wave of New-To-Market demand has allowed landlords to increase rents to historical highs across the board.

INDUSTRIOUS

GOLDMAN SACHS

Jupiter

NATIONS BENEFITS

MILLENNIUM MANAGEMENT

West Palm Beach

Boca Raton

WEST MARINE

ORBIS EDUCATION SERVICES

Fort Lauderdale

30+ companies relocated or expanded over the past 24 months.

Hollywood

THOMABRAVO

Miami Beach

Miami

BLOCKCHAIN

Brickell Coconut Grove Downtown

AERCAP

HOUSE OF WISE

KNOTEL

FIFA

SANTANDER

KASEYA

CITADEL

Cushman & Wakefield | Why South Florida

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