Published on March 27, 2023
South Florida has been experiencing a wave of companies relocating their headquarters to the area in recent years. The region’s reputation as a business-friendly environment and availability of quality talent have attracted corporations and firms from various industries. In 2022, several notable companies made headlines when they announced their moves to the tri-county area.
Here are just a few of the companies that relocated to South Florida in 2022:
Citadel and Citadel Securities
Citadel, a leading global financial institution, announced in the spring of 2022 that it would be relocating its global headquarters from Chicago to Miami. The company manages over $38 billion in assets and is one of the largest hedge fund companies in the world. Citadel Securities, a subsidiary of Citadel, also moved its headquarters to Miami. The company cited Miami’s growing status as a global financial hub and its diverse talent pool as reasons for the relocation.
This Dublin-based company is one of the largest aircraft leasing companies in the world. In February of last year, AerCap announced they’d be shifting their headquarters for the Western Hemisphere from Los Angeles to Miami. According to a senior VP of AerCap, the move was motivated by Miami’s business-friendly reputation and the city’s strategic location in the hemisphere.
Belong, a social networking app that helps people build meaningful connections, moved its headquarters from San Francisco to Miami in May 2022. The company's CEO cited the region's growing tech ecosystem, multicultural community, and access to world-class talent as reasons for the move.
FundKite, a leading fintech company that provides working capital to small and medium-sized businesses, relocated its headquarters from New York City to downtown Miami in 2022. The company's CEO cited South Florida's business-friendly environment, diverse talent pool, and lower cost of living as reasons for the move.
KruseCom, a leading provider of IT asset disposition and e-waste recycling services, moved its headquarters from New York to Fort Lauderdale in June 2022. The company's CEO cited the region's supportive business climate, skilled workforce, and proximity to key markets as reasons for the move.
SH Hotel & Resorts
SH Hotel & Resorts, a hospitality management company that operates hotels and resorts across the U.S., announced in July 2022 that it would be relocating its headquarters from Los Angeles to Miami.
El Al Israel Airlines Ltd
El Al Israel Airlines Ltd, Israel’s national airline, announced in August 2022 that it will move its North American headquarters from New York City to Margate in Broward County.
The Benefits of Doing Business in South Florida
These are just a few examples of the many companies that have recently moved their headquarters to South Florida. The trend is expected to continue as more companies realize the benefits of doing business in the region. Some of the benefits include:
- A business-friendly environment - South Florida's major cities have a reputation for being business-friendly, with low taxes and minimal regulation.
- Access to talent - The region has a diverse and highly skilled workforce, with a growing number of young professionals and entrepreneurs throughout Miami-Dade, Broward, and Palm Beach Counties.
- Multicultural communities - South Florida is known for its multiculturalism.
- Proximity to Latin America - The region's strategic location makes it an ideal gateway to Latin America, with easy access to key markets such as Brazil, Colombia, and Mexico.
- Quality of life - South Florida offers a high quality of life, with warm weather, beautiful beaches, and a vibrant cultural scene.
Commercial Real Estate in South Florida is #Signature
South Florida's growing reputation as a business hub is attracting an increasing number of companies to the region. The trend is expected to continue as more companies recognize the benefits of doing business here. The influx of new companies is also likely to bring more jobs and economic growth to the area, making South Florida an even more attractive destination for both businesses and individuals looking to relocate.
Navigating commercial real estate transactions in South Florida requires knowledge of the local market and regulations. Signature Commercial Real Estate is South Florida's premier commercial real estate organization, with years of experience helping clients navigate the transaction process. Our elite team of expert commercial real estate agents can guide you through every step of the process, from finding the right property to closing the deal.
With South Florida's thriving economy and growing reputation as a top business destination, the region is poised for continued growth and success in the commercial real estate sector. The influx of new companies and businesses will only add to the dynamic and diverse community of entrepreneurs, investors, and professionals that call the area home.
As you navigate the commercial real estate landscape in South Florida, rely on the expert guidance of Signature Commercial Real Estate to help you achieve your goals and make the most of the opportunities available. Contact us today to learn more about how we can help you succeed in this exciting and rapidly growing market!