Markets & Economy

Miramar business environment gains speed as South Florida hub

In picking spots to place headquarters, South Florida is a wide choice
  • In additional to the lure of no state income tax, companies choose to relocate to South Florida for a variety of other reasons.
  • Corporate relocation firm The Boyd Co. recently found Miramar to be among the most desirable locations.
  • The company studies 50 suburban markets for the best deal for an office headquarters.

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In additional to the lure of no state income tax, companies choose to relocate to South Florida for a variety of other reasons. The weather is an awesome bonus, too. New Jersey-based corporate relocation firm Boyd Co. recently constructed a study of what attracts firms to low-cost suburban markets. Miramar was found to be among the most desirable locations. In collecting data for 50 relatively low-cost suburban markets, the firm had in its mind’s eye finding the lowest operating costs for a company seeking to place its 500 office workers in 125,000 square feet of space. If the imaginary company chose Miramar, they’d have an annual operating cost of $34.6 million. That was good for eighth place in the rankings. In addition to Florida’s charms, there are several other factors that companies find appealing. Boyd said Miramar has relatively low labor costs because South Florida’s rapidly growing population makes the supply of clerical workers plentiful and the c...