Policy signals matter. So does friction.

As New York considers higher property taxes (Mandani’s threat if the wealth tax is not passed) and states like California continue to debate wealth-based measures, we are seeing capital and companies make calculated decisions about where to operate long-term. Mobility has become a strategic advantage. And increasingly, Florida is benefiting from that shift.

While Mandani’s proposal in New York leverages the threat of higher property taxes as a tool for wealth redistribution, Florida is actively moving in the opposite direction by exploring the total removal of that friction. The Florida House recently advanced a measure to study the elimination of property taxes entirely, potentially replacing the revenue with a consumption-based sales tax model. This creates a stark divergence in policy signals: where New York adds weight to the cost of ownership, Florida is signaling a desire to dismantle one of the most consistent burdens on capital and residents alike.  

Recently, Palantir Technologies announced it is relocating its headquarters from Denver to Miami, listing its principal executive offices at Industrius, a coworking space in Aventura, while evaluating permanent space in Brickell, Wynwood, and Coral Gables. The decision underscores the company’s accelerated effort to establish a foothold in Florida.

Palantir’s move aligns with the company’s expansion beyond its original core -  growing commercial contracts while maintaining significant U.S. defense relationships. Simply Wall St reports that the company has approximately $133 per share versus a consensus analyst target near $190, Palantir trades roughly 30% below where analysts cluster, reflecting a company in transition and scaling mode. Geography in that context becomes part of the growth strategy.

The regional data reinforces the momentum.

Florida’s Gold Coast, spanning from North Palm Beach County to South Miami-Dade County, currently ranks:

Over time, lower-friction compounds. It shortens timelines, reduces uncertainty, and increases the velocity of capital deployment. Right now, the data suggests Miami’s trajectory is accelerating.

We continue to build accordingly.

At the recent Bisnow South Florida Wellness Real Estate Forum, I spoke on the “Wellness Amenities Arms Race” panel alongside leading developers, where we discussed how longevity-driven design, walkability, waterfront living, sustainability, and experiential amenities are directly influencing valuation and demand in the next generation of residential and mixed-use projects.

In addition, I recently shared with the Miami Herald that the relocation of major tech founders could have a “Ken Griffin and Citadel effect” on the city, a potential watershed moment for Miami.

As policies elsewhere create uncertainty for founders who haven’t yet reached liquidity, what’s pulling them here goes beyond tax structure. It’s an environment built for performance.