Following Zohran Mamdani’s election as NYC mayor, a wave of residents known as the “Mamdani Migration” is flocking to South Florida, driving real estate demand to new highs.
Breakdown
- Real estate agents in North Palm Beach report increased demand from New Yorkers seeking to move due to recent elections.
- The migration, dubbed the 'Mamdani migration,' is driven by anticipated higher taxes and policy changes in New York City. 10s
- Popular relocation targets include Jupiter Gardens, Delray, and Boca Raton, which is facing growth limitations. 45s
- Boca Raton's new building projects are focused on attracting businesses rather than accommodating incoming residents. 1m 13s
- Over 5,000 single-family homes are available in Palm Beach County, but inventory is expected to be sold within three months. 1m 21s