Why Florida?

Why Build in South Florida?

• South Florida is home to residents of the tri-county area, which includes Miami-Dade, Broward and Palm Beach counties, and has a population of over 6.1 million people
• South Florida’s population continues to grow, with nearly 1,000 people moving to the region each day.
• South Florida has been experiencing higher numbers of visitors than ever before. In 2021, 24.2 million visitors traveled to the region.
• Visitor spending is also increasing. In 2021, visitors spent an estimated $19.2 billion, which was an 8 percent increase over 2019.
• South Florida is often referred to as the South’s next big tech hub and Wall Street South thanks to major companies expanding their firms from the Northeast and West Coast.
• South Florida is ranked as one of the world’s top markets for luxury homes.
• There is a need for more residential developments in South Florida as real estate inventory continues to dwindle amid a red-hot market. As of 2022, there are now 31 potential renters competing for every vacant apartment in Miami-Dade, and in Broward County, there are 19 renters competing for each vacant unit. The national average is 14 renters per vacant unit.