Jaime Sturgis Featured in Newsweek Article on Mamdani Election’s Florida Impact

When Newsweek‘s Giulia Carbonaro sought expert commentary on how the New York City mayoral election could impact Florida, she turned to Native Realty CEO Jaime Sturgis. In Carbonaro’s piece, Sturgis discusses how inquiries from New York-based commercial real estate clients began ramping up after Zohran Mamdani’s primary win.

“Jaime Sturgis, CEO of Fort Lauderdale-based  real estate company Native Realty, told Newsweek that clients “up in the Northeast” started calling him right after the polls started suggesting Mamdani might win the city’s mayoral election.

“Many of them at that point in time started planning essentially their departure from that state to relocate their assets down to South Florida,” he said. “Now I have several clients actively looking to close on properties before the end of the year,” he added.

Asked why so many New Yorkers are in a hurry to move down to Florida, Sturgis speaks of “the proverbial straw in the camel’s back.”

Many of his clients, he said, had been “kind of one foot out the door for quite some time,” with a few of them already selling a portion of their portfolio when they moved to Florida during the pandemic.

But, at the time, they were keeping some real estate holdings in New York City. Now, he said, “they want to move everything down and they want out. So they’re selling their portfolios in their entirety and they’re relocating down here.”

Click here to read the full article.