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Much Of NYC's CRE Business Has Moved To Florida. Will It Stay?

Miami has come to be known as the sixth borough of New York City, flourishing through the pandemic as moneyed Northeasterners have made a well-publicized move south. High earners, who in any other year would be packed into subways on their way to Midtown skyscrapers, are instead filling the Miami restaurants and buying pricey Florida houses and condos as coronavirus restrictions made New York City’s winter more brutal than ever. The migration is more than Wall Streeters. A bevy of New York ...
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Source: bisnow.com

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