In an article published in the Daily Business Review on April 20, 2023, Nelson Mullins Riley & Scarborough LLP real estate partners David Itskovich and Raul Valero, and associate Nick Carbo discussed how the post-COVID-19 environment has affected the South Florida real estate market.
When speaking about how the area started to become the “Wall Street of the South,” the authors noted that many people realized that they could work anywhere remote, as long as it fell within a similar time-zone to their company and had a reliable internet connection. This caused an influx of migration to locations that showcased cheaper and healthier lifestyles, with South Florida gaining prominence as an ideal destination. Many of the new Floridians are C-Suite level executives, who run some of the most influential companies in the country.
