In an article published by the Daily Business Review on May 26, 2023, Boca Raton real estate partners Gary Itskovich and Donny Schreiber discussed the “great migration” to South Florida after the COVID-19 pandemic due to the state’s no-state income tax policy, laissez-faire business policy, and the countless beaches available to the public.

Historically, South Florida was known as a haven for retirees. That dynamic is changing in a post-pandemic world, with an estimated 18,000 people moving there each year for the next five years.

When discussing the issues around supply and demand within the South Florida housing market, the authors said, “Nelson Mullins has been fortunate to be at the forefront of the development frenzy, leveraging its vast experience counseling some of the most prominent and industry leading developers in South Florida.” With most of the new residents being from the North, developers are looking into mixed-use developments, bringing a familiarity of a walkable city like New York City, to South Florida.