Summary
Some Florida real estate experts report an increase in interest from New Yorkers looking to move to Florida after Zohran Mamdani became New York City's mayor-elect. Ads and initiatives are targeting wealthy business owners and leaders in New York to relocate to areas like Palm Beach County for lower taxes and other advantages.
Key Facts
- Zohran Mamdani was elected as New York City’s mayor on November 4.
- Florida politicians and real estate agents targeted New Yorkers with ads inviting them to move to Florida.
- The mayor of Boca Raton used a billboard in Times Square to attract New Yorkers to Palm Beach County.
- There is an expectation of increased migration from the Northeast, particularly from New York, to Florida.
- Real estate agents in South Florida are receiving more inquiries from New Yorkers wanting to relocate.
- New Yorkers are reportedly looking to move their business assets and investments to Florida.
- Florida cities like Boca Raton are promoting their lower taxes and available office spaces to attract companies.
