Atlanta. Pittsburgh. Miami. What do they all have in common? One of the biggest companies in the world, Amazon, is considering these and a number of other locations for their HQ2. By now, Amazon has become a household name for many Americans, and even though Miami is in Southeast Florida, the impact could very well be felt in Southwest Florida as well. After all, Miami is simply a short jump away from many metro areas in Southwest Florida. So, today, let’s take a look at what the possibilities may hold.
A bigger spotlight on what Florida has to offer
Even the fact that Miami is in the running for Amazon’s next base of operations is a big sign. Now, it’s true that Miami is in the news occasionally, and it’s a seasonal destination for countless people. However, outside of the beaches, the tourist spots, and some select industries, this area doesn’t always get the attention it deserves in terms of business. It’s not like there’s a lack of business; it’s just not that you think of Miami necessarily as a hub for companies like Amazon or even Google, Netflix, or others. But, with Miami in the running, it’s thrust our general region back into the spotlight as a player for these companies.
More companies moving to Southwest Florida
Of course, with this increased attention for Southeast Florida, comes more interest in Southwest Florida as well. The truth is that throughout Central and Southwest Florida, more large companies are starting to set up shop. And this makes perfect sense when you think about it. Our area has several major ports, a friendly tax environment, a growing university system, and incredible property values that come in at affordable prices. Oh, did I mention the amenities for the staff members at these companies? It may seem like a small factor, but in reality, companies are looking for ways to improve the quality of life for their employees. And as we’ve seen, South Florida has everything from international art to fine dining, extraordinary outdoors and more.
Increased economic activity throughout the area
If Amazon does choose Miami as its location for HQ2, we can expect that all these factors together will give our economic activity a boost. What this translates to is the acceleration of a trend that’s been going on for several years. More and more, we’re seeing professionals choosing Southwest and Southeast Florida as their destination. Equally true is the growth of our tourism industry, but also diversifying of our economic activity, which is a big positive.
Growing home values in the region
Finally, with all of these factors combined, it’s possible that home values will see additional growth. Even though Miami is a few hours away in some cases, their metro area is limited in where it can expand to. While that doesn’t mean that people will necessarily be commuting from Fort Myers to Miami, it does mean something else: As more companies consider moving or expanding in South Florida, SWFL will be an attractive choice. In turn, home values could keep climbing.
Are you thinking about Southwest Florida and a professional career? The possibilities may surprise you. But I’d be happy to answer any questions you have. Just send me an email!
Terry Records
Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service