Why South Florida Report

SOUTH FLORIDA MIGRATION

A GROWING POPULATION South Florida's net migration totaled 230,615 since 2019. The increase in population led to residential home sales spiking in South Florida as well as fueling demand for multifamily investments throughout the region. The area has benefited from many wealthy residents moving particularly from the northeast. PROJECTED POPULATION INCREASE The South Florida MSA is projected to have a net migration total of 176,199 over the next 5 years.

THE SOUTH FLORIDA MSA IS PROJECTED TO GROW BY 1.6% THROUGH 2029 .

#4 in the Nation For Net Migration From 2019-2025 #9 IN THE NATION FOR NET MIGRATION FROM 2019-2025

North Port, Sarasota, Bradenton

South Florida

San Antonio

Las Vegas

Cape Coral, Fort Myers

San Francisco

San Diego

New York City

Los Angeles

Chicago

Dallas Houston Phoenix Tampa Atlanta Austin Orlando Charlotte

Jacksonville Raleigh Lakeland Nashville

800K

647K

554 K

600K

381K

400K

294K

299K

289K

264K

259K

231K

218K

184K

165K

160K

150K

159K

156K

134K

200K

0

-146K

-200K

-94K

-400K

-443K

-481K

600K

Net Migration (2019 – 2024)

Projected Net Migration (2025 – 2030)

Cushman & Wakefield | Why South Florida

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