Since the tsunami of interest from individuals and businesses came crashing upon the shores of South Florida in the early months of the COVID-19 pandemic, the flood of intrigue and investment into the region has shown no sign of subsiding. Despite pervasive fears of contraction in urban areas across the country, South Florida’s intensifying relevance—both nationally and globally—offers a reliable basis for optimism in the region’s real estate market and overall economy.

In the last year alone, we have seen an abundance of evidence to justify this positive economic outlook for South Florida’s immediate and long-term future: the 2.5% unemployment rate for the Miami metropolitan area, as of October 2023, was well below the 3.6% national average; the stream of large financial institutions into the area continues to flow as evidenced most recently by French bank BNP Paribas (the European Union’s second largest bank) opening an office in the area.