Why Miami Slumps As West Palm Rockets In Florida

Wells Fargo just moved its entire Wealth and Investment Management headquarters to West Palm Beach, not Miami, and luxury home sales there surged 30% while the rest of the country fell. Miami's venture deals dropped 25% quarter over quarter while West Palm quietly jumped 39%, and if you think that's just noise, you're missing where the actual allocators and family offices are relocating. The money already drove an hour north up I-95, and most VCs are still setting meetings in Brickell wondering why their deal flow dried up.