The CEO of the Related Group of John Paul Perez and the founder of InteGra and the South Florida Investment Association, Nelson Stabil, reacted to data that shows that tens of thousands of speakers have fled from New York for Florida.
Retailers are in the flock To Florida
According to Ken Himmel, President of the Ross, this year it is obvious that there is almost no vacancies in West Palm Beach, though the occupation rate is approaching the peak of the record, a route for almost a decade.
Himmel attributed the demand to “intentional and sustainable migration of high -value people, financial managers and technology leaders to South Florida” from the early days of Coronavirus in 2020.
“With nearly 90,000 new residents to Palm Beach city Over the years, the evolution of the city, from seasonal recreational city to the city of the year, has been very fast and strategic. ”
The dynamic economy of the state, the growth of population and the favorable tax environment, makes investment in business real estate in the state of Sun.
The boats were located next to the houses of a family at Palm Beach, Florida, the United States, Wednesday, April 721. (Marco Blue / Bloomberg through Getty Images / Getty Images)
Cityplace, a neighborhood in West Palm Beach, with more than 125,000 square feet with new retail brands such as Equinox, clothing brands such as Alo and Reforms, High makeup retailers such as Bluemercury and home retail stores such as Crate & Barrel are expanding.
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“As the top investment companies and institutions Open offices near, they bring a highly educated and fully compensated population looking for lifestyle experiences.
Skyline West Palm Beach has Royal Park Bridge Bridge, West Palm Beach, Florida. (Group of America/Joseph Sohm/UCG/Universal Group via Getty Images/Getty Images)
Himmel said developers are working quickly to meet demand.
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“Since financial services and innovation centers are rooted in the city, retail is increasing in parallel, and a stable self -sustainable cycle gives growth and demand that continues to continue,” he said.
Kelly Lyles of KL International Realty also saw an increase in retailers in Florida.
“With companies like Foot Locker who move from NYC to St. Petersburg, many retailers are looking to increase their footprints throughout the state of the Sun,” Liles said. For example, Publix plans to open 50,000 square supermarkets on the Panama City Beach.
West Palm Beach, Lake Worth Lagoon and Marina. (Photo by: Jeffrey Greenberg/Global Pictures Group through Giti Pictures) (Jeffrey Greenberg / Global Pictures Group via Giti Pictures / Getty Pictures)
“Florida is a growing population and has always been a place where people are looking for relocation, however, today, less taxes and less costs to live, it is driving consumers and retailers here,” Liles said.