South Florida leaders say New Yorkers may take a closer look at moving south following the election of New York City’s new mayor, Zohran Mamdani.Realtor Patrick Lafferty with the Modern Living Group says he saw a large wave of people leave New York during the pandemic, and believes this election could bring another one. He says it may not just be high-income residents, but full-time workers who now realize they can live and work anywhere while seeking lower costs and warmer weather.”I’ve always loved working with New Yorkers, and we’ve seen the gradual, steady flow of them coming down. But COVID was a whole other level of that. And I think this is going to be a continuation of that,” Lafferty said.Boca Raton Mayor Scott Singer says business interest is already growing. He says he has received calls from businesses considering moving to Palm Beach County, citing lower taxes and public safety as major factors.”Even this morning, I’ve gotten inbound calls of businesses looking to leave New York to come to our low-tax, safe, vibrant community,” Singer said.Before the election, Boca Raton placed ads in Times Square promoting its lower property tax rates and business environment. Singer says the city wants to position itself as an option for companies looking to relocate.”We’re going to try to make lemonade out of the lemons that come from that and try to attract high-paying jobs to Boca Raton,” Singer said.Both men say it may take months or years to know the full impact of the election on migration to South Florida.
BOCA RATON, Fla. —
South Florida leaders say New Yorkers may take a closer look at moving south following the election of New York City’s new mayor, Zohran Mamdani.
Realtor Patrick Lafferty with the Modern Living Group says he saw a large wave of people leave New York during the pandemic, and believes this election could bring another one. He says it may not just be high-income residents, but full-time workers who now realize they can live and work anywhere while seeking lower costs and warmer weather.
“I’ve always loved working with New Yorkers, and we’ve seen the gradual, steady flow of them coming down. But COVID was a whole other level of that. And I think this is going to be a continuation of that,” Lafferty said.
Boca Raton Mayor Scott Singer says business interest is already growing. He says he has received calls from businesses considering moving to Palm Beach County, citing lower taxes and public safety as major factors.
“Even this morning, I’ve gotten inbound calls of businesses looking to leave New York to come to our low-tax, safe, vibrant community,” Singer said.
Before the election, Boca Raton placed ads in Times Square promoting its lower property tax rates and business environment. Singer says the city wants to position itself as an option for companies looking to relocate.
“We’re going to try to make lemonade out of the lemons that come from that and try to attract high-paying jobs to Boca Raton,” Singer said.
Both men say it may take months or years to know the full impact of the election on migration to South Florida.