ACCELERATED NEW-TO-MARKET TENANT DEMAND
NEW-TO-MARKET DEMAND REMAINS ELEVATED NTM demand continues to be a major driver of deal activity in South Florida. While the initial wave was fueled by pandemic-era relocations, new-to-market activity has remained consistently strong well beyond the initial surge. Miami and West Palm Beach continue to solidify their positions as strategic hubs for business relocation and expansion, attracting a diverse mix of industries including finance, technology, media, and logistics. » NTM companies continue to establish a presence in South Florida at a steady pace, with the momentum showing little sign of slowing. Among the more recent high- profile arrivals are ServiceNow, Iru, Fifa, Palantir, and Dycom, drawn by favorable tax structures, a deepening talent pool, and an increasingly interconnected regional economy. » This sustained influx of new corporate tenants continues to bring fresh wealth to the market, allowing landlords to push rents to historic highs and reinforcing South Florida's standing as a premier destination for business attraction and expansion.
INDUSTRIOUS
GOLDMAN SACHS
AMERICAN QUEEN VOYAGES
Jupiter
MILLENNIUM MANAGEMENT
West Palm Beach
DYCON
Boca Raton
WEST MARINE
Fort Lauderdale
PALANTIR
Hollywood
THOMABRAVO
15+ NTM COMPANIES ENTERED THE MARKET IN THE PAST 24 MONTHS.
Miami Beach
Miami
BLOCKCHAIN
Brickell Coconut Grove Downtown
AERCAP
HOUSE OF WISE
SANTANDER
KNOTEL
FIFA
PLAYBOY
CITADEL
IRU
SERVICENOW
Cushman & Wakefield | Why South Florida
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