West Palm Beach Moving Trends

Moving Trends in West Palm Beach and the US

West Palm Beach has a lot to offer. Featuring a wonderful climate, low taxes, quality education, and a community attitude that welcomes businesses, West Palm Beach is definitely a great place to live and work. Needless to say, for many people, finding a great place to live their lives is an important decision in their lifetime. As for businesses, relocating to more promising neighborhoods is always a good decision in their path to success.
As of November 2015, West Palm Beach saw an accelerated influx of companies from multiple industries. This is the biggest real estate and relocation trend in South Florida for this year. According to the Business Development Board of Palm Beach County, within the past 12 months, about 25 relocation and expansion projects took place in the county to create thousands of employment opportunities. These job opportunities exist in the fields of science, logistics, clean technology, life sciences, information technology, aerospace engineering, aviation, biomedicine and manufacturing with hopes of even more expansion in the future. With more and more jobs being created, it is predicted that more and more people will seek out residential properties and move to South Florida.
As for residential relocations, luxurious high-end retirement communities have always been a major draw in West Palm Beach as well as other parts in South Florida. The retirement crowd has long been drawn to West Palm Beach to enjoy beautiful beaches, luxurious country club community living, excellent weather and an active outdoor lifestyle in their later years. Florida is also highly desired for its low living costs. For those who are retiring often live on a fixed income and the lower living costs can make a real difference to their monthly expenses. It is estimated that about 1000 people move to Florida every day.
As for the rest of the United States, Oregon became the Top Moving Destination in the country in 2014 with South Carolina and North Carolina at the no.2 and no.3 spots respectively. According to United Van Lines (link – http://www.unitedvanlines.com/), many residents from Northeastern states decided to relocate for retirement. According to Michael Stoll, professor, economist and chair of the Department of Public Policy, University of California, the stable economy leads to long term migration trends in which people move to the Western and Southern states. He further states that the states with increased job opportunities, temperate climates and lower housing costs are much more preferred. Outdoor amenities are also trendy these days. States with plenty of arts, outdoor recreation options and entertainment options are also more popular with younger and older residents.