Miami Realtors Pitch ‘Safe Spaces’ For Millionaires Fleeing A Zohrain Mamdani’s New York

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Miami real estate circles have been buzzing about what some are calling the “Mamdani Effect.” Miami brokers report that inquiries from New Yorkers have risen as clients worry about potential tax hikes and a less business-friendly environment under a Mamdani administration.

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‘Mamdani Effect Is Real’: Wealthy New Yorkers Preparing To Flee For Florida As Socialist Zohran Mamdani Leads Polls

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Mamdani’s platform includes a proposed 2% tax increase on New York City’s top 1% of earners — those making over $1 million annually — to fund initiatives such as rent freezes, free public buses, and city-owned grocery stores. The candidate has also stated that “billionaires should not exist.”

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How Foreign Investors Are Driving Miami’s Real Estate Boom

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In 2025, Miami-Dade County’s commercial sales volume rose 30%, led by strong growth in the multifamily sector, where foreign investors are playing an increasingly significant role.

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Miami UDRB Approves Landmark 47-Story Mixed-Use Development Tower

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The property is currently available for sale or joint venture partnership.

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Moishe Mana Unveils Ambitious Development Plans For Downtown Miami

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Mana has focused on restoring historic structures and funding the $30 million Flagler Street streetscape improvement project, now nearing completion.

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