California's certified Proposition 40 wealth tax is accelerating a historic migration of tech billionaires and luxury capital to South Florida's high-end real estate market.
Abbhi Capital has listed One Miami World, a 2.19-acre development site in downtown Miami, with Cushman & Wakefield brokers expecting bids to exceed $100 million.
A development team secured an $85 million construction loan in June 2026 to break ground on MIRAI Design District, Kengo Kuma’s first U.S. mixed-use development.
South Florida data centers are expanding rapidly, fortified against Category 5 hurricanes and backed by state laws that protect residential ratepayers.