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Pandemic restrictions and high taxes caused many tech and finance entrepreneurs to move to Florida. For the past year, there has been a huge tech and financial wave in Miami and Orlando. Last December, Miami Mayor Francis Suarez implied his support in a tweet that went viral. When somebody said that Silicon Valley should be moved to Miami, the Mayor responded with “how can I help?.” Since then, it is hard to know how many companies have announced relocations to the Magic City. In fact, nearly every day brings an announcement of a new tech and financial relocation.
In a recent interview with the Mayor, he explains that this tech and financial wave in Miami is becoming a huge movement. According to Suarez, this new movement will directly and indirectly benefit South Florida’s residents. He explained that this movement will drive growth into the economy. In addition, this is not like other migrations South Florida has experienced. The mayor said that “this is not a moment, this is a movement.”
In the past, Miami has been known to receive temporary residents flocking to the area during the winter. According to the mayor, this is a much more permanent migration. Companies and employees who are following the tech and financial wave in Miami are here to stay. In fact, a lot of them are making this a permanent move, and there is data to support this. A lot of the newcomers have filed driver’s license applications, buying homes, registering their children to schools in the area, and signing leases. These are all signs of a commitment to staying in the city.
Read the Mayor’s full interview here: https://www.miamiherald.com/news/business/article251596618.html
Search for homes in Orlando increases
Not only is the Miami region experiencing the arrival of a considerable number of new companies, but the Orlando area as well. Orlando officials have been extremely receptive and proactive to receive new business. The planned community of Lake Nona stands out in this movement. The neighborhood is known for being the “medical city”, as it houses a cluster of hospitals and research centers. Recently companies like KPMG and the Disney Group have shown interest in migrating part of their divisions to the city.
New companies also bring in new residents, as employees and partners will need a new home. Homes for sale in Orlando, in this sense, have been the most sought after. Such demand created an imbalance in the local real estate market, pushing up house prices.
Looking for Orlando Homes for sale?
AMG International Realty is a full service brokerage firm specializing in Orlando and South Florida. If you are moving to Orlando and need a new home, please call us today.