That has become increasingly difficult and expensive in New York.
At the same time, South Florida itself has changed.
“What was once viewed primarily as a transient market has evolved into a destination where people are building careers, raising families, and establishing long-term roots.”
—Rena Kliot
Few corporate moves have illustrated that evolution more clearly than Citadel’s decision to relocate its headquarters to Miami. Kliot describes the move as significant because it represented more than one company changing addresses. It demonstrated that South Florida had matured into a credible destination for major financial institutions and corporate headquarters. “Citadel’s move helped validate South Florida as a serious business market and encouraged other firms in finance, technology, real estate, and professional services to establish or expand their presence here,” she says. “It became a catalyst for additional investment, development, and economic growth throughout the region.”
MIAMI BEACH, FLORIDA
Rapid growth, however, brings pressure with it.
“The influx has accelerated development across virtually every asset class,” Kliot says, while also placing strain on housing affordability, labor availability, infrastructure and development timelines. “We are in a growth phase and that includes the obvious growing pains associated with growing so quickly and needing to adjust.” For companies entering the market, that makes local knowledge increasingly important. “One of the biggest challenges is understanding local entitlement, permitting, regulatory requirements,” she says.
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BUILDING THE FUTURE WOMEN
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