What’s Fueling the Boom?
In-migration of high-net-worth residents
South Florida, especially counties like Palm Beach, has welcomed ~90,000 new residents recently. Many are affluent executives and tech professionals relocating in droves over the past few years.Tax advantages
Florida’s lack of income and estate taxes is proving attractive to businesses and investors. Combined with favorable commercial rent tax cuts (effective October 2025), the state climate supports deep investment.Market Snapshot
West Palm Beach: Retail occupancy hit record highs—vacancy rates below 3%—as mixed-use developments blend office, residential, and retail needs.South Florida tri-county (Miami–Dade, Broward, Palm Beach): Commercial real estate volumes jumped 10% in H1 2025 to $5.6 billion, driven by a 110% surge in office and a steady demand for multifamily and retail assets.
The Self‑Sustaining Growth Cycle
The inflow of well-paid professionals triggers demand for upscale office space, dining, retail, and housing. This has sparked a virtuous cycle: companies follow their employees, integrated developments thrive, and investment continues.Read about large companies moving into Florida, and the effects for the Naples area on naplesnewsnow.com.
Are you looking for a home in the Naples, Florida area? Contact David at David@DavidFlorida.com or 239-285-1086.