How the pandemic brought on a great migration to the Sunshine State
SECAUCUS, NJ / ACCESSWIRE / February 8, 2022 / National Realty Investment Advisors (NRIA), a leading developer of luxury real estate on the East Coast, announces that buyers from northern states like New York and New Jersey are flocking to purchase residential projects in Florida.
The rising ability to work from anywhere is a big part of what's behind the southern migration, according to realtor Nicholas Malinosky, who represented NRIA's Boynton Beach, Florida project, Gulf Stream Views. Malinosky regularly speaks to buyers who no longer have to work in New York City to work for their New York City-based companies, he says.
While the rest of the country is just beginning to ease masking restrictions and rebound economically from COVID-related lockdowns, he said, Florida, in a somewhat controversial stance, was a relatively open state the entire time.
That open-ness attracts buyers who question the strict coronavirus safety measures of their home states, according to Malinosky.
"We were not really shut down," he says. "And Florida is an outside state. You get to be outdoors, even in the winter, which was difficult in New York. In New York, during the lockdown, you were stuck inside your apartment. It's a whole different style here."
Last year, Douglas Elliman realtor Malinosky sold another NRIA south Florida property, a $14 million mansion, to Long Island-born actor and comedian Kevin James.
Many people moving south amidst the pandemic are natives of New York, says architect Nick Netta, who himself recently relocated from New Jersey. Netta's architecture firm, Netta Architects, has offices in New York, New Jersey, and now Boca Raton, Florida.
"It's become like a mini-New York and New Jersey," says Netta, who is currently at work on NRIA's The 301, a mixed-use retail and residential property in the heart of Delray Beach.
When asked why so many people from New York and New Jersey are eager to move south, Netta blamed the high cost of living and long winters of the tri-state area.
"And you can't deny the beauty of the ocean view," says Netta, who declares that homes like NRIA's with rooftop terraces and other usable-year-round outside space will continue to draw in buyers from the chilly north.
"Florida offers the financial advantages," adds Glenn La Mattina, Chief Operating Officer for the New Jersey-based NRIA, "but also an enjoyable lifestyle. Do you hate shoveling snow? Do you love a warm climate and beautiful beaches? Come to Florida."
The team at NRIA believes the luxury housing market in south Florida will only continue to attract northern buyers in the coming years, expanding outward from high-end communities like Palm Beach and Delray to the blooming Boynton Beach.
"You can't get a much more enjoyable way of living," says NRIA's La Mattina. "You can work from home with your toes in the sand, then walk a mile down the beach to catch a Jimmy Buffett concert at lunchtime."
With a history of over a decade of delivering the highest quality in construction, NRIA, headquartered in Secaucus, New Jersey, has earned its reputation as one of the leading real estate developers in the nation.
For more information about NRIA, visit www.nria.net.
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