Florida’s home prices have increased by 73.5% in the past five years, with New York residents being the primary movers to the state. Meanwhile, companies are increasingly seeking office spaces in suburban areas, and commercial real estate faces challenges due to reduced property sales and leasing.

Florida has become a prime destination for investors due to factors such as strong population growth, a tax-friendly environment, and a variety of investment options. The state’s commercial real estate attracts capital investments from both the US and global players, and its infrastructure, including ports and the Brightline high-speed train, has made it a crucial hub for trade. Additionally, South Florida has increasingly attracted technology companies and startups, while the restaurant and hospitality sectors have also experienced growth. Florida’s tax-friendly status and high rankings in areas such as innovation and job growth further contribute to its appeal for businesses and investors.