Miami 2024"Miami is the right place for high-tech companies looking to establish themselves in the US"
Miami 2024
"Miami is the right place for high-tech companies looking to establish themselves in the US"
Chaim Katzman, founder and CEO of G City, spoke at the Calcalist and Bank Leumi conference in Miami about the significant growth of Miami and Florida.
Chaim Katzman
(Credit: Tomeriko)
"G City started operating in Florida more than 30 years ago, so we know the local market very well. I believe Miami is the right place for high-tech companies looking to establish themselves in the U.S.," said Chaim Katzman, founder and CEO of G City, at the Calcalist and Bank Leumi conference in Miami.
Katzman, who lives in Miami part-time, discussed the city's remarkable growth and transformation in recent years. "I think people don't fully understand the significant growth Florida has experienced. Miami has developed as a hub for various industries, including real estate, finance, tourism, and technology. There are many reasons for this. For example, Florida attracts millions of tourists annually, and as we know, tourists are a key driver of growth and a significant business focus."
He highlighted Florida’s population boom: "The local population has grown from about 10 million residents a few years ago to approximately 24 million today, which is a major factor for business. Additionally, several senior officials in the new administration of U.S. President-elect Donald Trump are Florida residents, providing a further boost to the state’s profile."
Katzman also addressed the growth of Miami's real estate market, G City’s primary area of expertise. "In 1999, the average price of a home in Miami was about $30,000 to $40,000. Today, the average price is around $400,000—a tenfold increase. This is extraordinary growth. What caused this change? Among other factors, the pandemic significantly altered how people think about their homes and living environments. People began prioritizing where they want to live and what they are looking for in a community. Florida’s pleasant weather attracted many to the state."
He emphasized G City’s focus on South Florida, although the company is active throughout the state in various real estate markets.
According to Katzman, Florida offers compelling reasons for businesses and individuals to settle there. "If someone—a businessperson, entrepreneur, or investor—is considering where to open an office, relocate, or live in the U.S., Florida is an excellent choice. Accessibility is also a crucial factor. Miami has two international airports, making it easy to travel within the U.S. and internationally."
Katzman concluded his speech with an appeal to the Israeli government to secure the return of the 101 hostages held in Gaza since the tragic events of October 7 last year.
G City, a leader in income-producing real estate, operates in Israel, the U.S., and Europe. Katzman, its founder and CEO, has built it into one of Israel's largest real estate companies. It is traded on the Tel Aviv Stock Exchange with a market value of NIS 2.6 billion.
To hear his full remarks, click on the video above.
