By Prakas & Co. – Hospitality Real Estate Experts Since 1999
If you’ve been watching the political headlines out of New York City, you’re not alone. Over the last week, we’ve seen a sharp uptick in calls from restaurant groups, developers, investors, and family offices who are suddenly reevaluating their future plans — and looking South.
It’s not just Boca. It’s Palm Beach, Broward, and Miami-Dade counties that are in the spotlight.
South Florida is once again positioning itself as the escape hatch for high-net-worth individuals, corporate executives, and business owners who are weary of overregulation, tax threats, and political volatility in northern metros.
Businesses Are Paying Attention — And Making Moves
With proposed policies in New York targeting those earning over $1 million annually, plus increasing pressure on corporations and landlords, many groups are beginning to look seriously at Florida as their next permanent base — not just a seasonal escape.
At Prakas & Co., our inboxes are full of inquiries from:
🔹 Multi-unit restaurant operators
🔹 Private equity groups
🔹 Legacy hospitality brands
🔹 Out-of-state brokers representing UHNW clients
🔹 New York & Chicago-based landlords testing the Florida waters
The message is clear: Florida is back in the spotlight, and this time it’s not just because of good weather.
Why South Florida?
The reasons haven’t changed — but the urgency has.
✅ No state income tax
✅ Pro-business municipalities across all three counties
✅ Incredible tourism + year-round population growth
✅ World-class dining, entertainment, and real estate
✅ Record-low vacancy rates in high-traffic corridors
Whether you’re looking in Brickell, Downtown Fort Lauderdale, Delray Beach, West Palm, or Wynwood, we’re seeing velocity pick up across the board.
And it’s not just about moving. It’s about scaling smart — into markets where your dollars go further, your risk is lower, and your guests are already arriving in waves.
Hospitality Operators: Now Is the Time to Act
If you’re part of a hospitality group that’s been “Florida curious,” the moment to sit on the sidelines is over. South Florida is entering a new cycle of high-quality development and tenant activity, and the best spaces are being claimed fast.
Whether you want 1,800 SF for a café concept or 8,000 SF for a flagship steakhouse, we can guide you into the right site and structure a deal that sets your brand up for long-term success.
Let’s Talk
At Prakas & Co., we’ve spent the last 25 years helping top restaurant and nightlife brands expand into the strongest commercial markets in South Florida.
We know the zoning, the landlords, the politics, and the deal structure — and we’ll get you in the right door before your competitors do.
📍 Serving Palm Beach, Broward, and Miami-Dade Counties
📧 info@prakascompany.com
📞 561.368.0003