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Silicon Valley elite shift record wealth to build Florida's new 'tech capital'

Record office leases and relocations are turning Miami into a broader corporate hub as tech founders and billionaires bring teams and capital south.

Summary by Fox Business
Billionaire venture capitalist Peter Thiel planted a record-setting flag in Miami’s financial core, signing a historic $250-per-square-foot office lease that experts say marks a transition of the West Coast tech exodus from what began as a residential trend into a broader corporate takeover.As multibillion-dollar liquidity events loom for companies like SpaceX, OpenAI and Anthropic, tech creators and founders are no longer just buying beachfront…

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Fox Business broke the news in New York, United States on Wednesday, July 1, 2026.
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