Related Group CEO Pivots to South Florida, Sees Opportunity in Migration Trends

Jorge Pérez, chairman and CEO of The Related Group, announced that the majority of the company's investments over the next decade will be in South Florida. This decision comes as the company is not seeing a slowdown in the ongoing exodus from older cities, with Pérez citing a steady demand for housing in the region. According to Pérez, The Related Group will invest approximately $20 billion in South Florida over the next decade, with a focus on developing new residential and commercial properties. This investment is expected to create thousands of jobs and stimulate economic growth in the region. The company's decision to focus on South Florida is also driven by the region's growing population, with the Miami metropolitan area expected to add over 2 million new residents by 2030. The Related Group's investment in South Florida is expected to have a significant impact on the local real estate market. The company's developments are likely to drive up demand for housing and commercial space, leading to increased property values and rents. This, in turn, is expected to attract more investors and developers to the region, further fueling growth. The Related Group is one of the largest real estate developers in the United States, with a portfolio of over $15 billion in assets. The company has a long history of developing high-end residential and commercial properties, and has been a major player in the South Florida market for over three decades. Pérez's announcement is a testament to the company's confidence in the region's growth prospects and its ability to capitalize on the ongoing migration of people from older cities. Pérez's comments also highlight the ongoing trend of urban migration, with people moving from older cities to more desirable locations with better quality of life. This trend is expected to continue, with many cities experiencing a decline in population as people seek out more affordable and desirable living options. The Related Group's investment in South Florida is a prime example of this trend, and is likely to be followed by other developers and investors in the region. Looking ahead, The Related Group's investment in South Florida is expected to have a lasting impact on the region's economy and real estate market. The company's developments are likely to drive up demand for housing and commercial space, leading to increased property values and rents. This, in turn, is expected to attract more investors and developers to the region, further fueling growth. As the company continues to invest in the region, it is likely to play a major role in shaping the future of South Florida's real estate market.