Wealth Migration Leading to Surging Retail Demand in Florida

Day Pitney Real Estate Partner Daniel Diaz Leyva was featured in GlobeSt.com article, "Wealth Migration Leading to Surging Retail Demand in Florida."

Diaz Leyva, chair of Day Pitney's Florida Real Estate practice, stated that Florida's retail space has been booming thanks to the wealth migration coming to the state. And younger Americans might be helping to drive that trend too.

He commented, "Lots of finance folks moving down here, lots of venture capital folks moving down here, and then a lot of the ancillary services that support those businesses. A lot of these guys coming out of college are in the six-figure range already. So they're making very good money to start. And their income, frankly, is almost limitless in some instances. So it's, a very well-heeled crowd that is moving down here."

Read the full article here.