Data Analysis
Where Are New Businesses Forming in South Florida?
We analyzed 519,857 Sunbiz LLC and corporate filings since 2015 and cross-referenced them with property sale prices to find which zip codes are seeing the most new business formation — and whether it predicts property appreciation.
Key Finding
Zip codes with the highest growth in new business filings saw 121.2% average property price appreciation over the same period — suggesting business formation may be a leading indicator of neighborhood growth.
New Business Filings Per Year
Florida LLC, Corp, and LP filings with South Florida addresses (33xxx, 34xxx zip codes)
100K
2015
94K
2016
103K
2017
111K
2018
99K
2019
124K
2020
163K
2021
148K
2022
151K
2023
147K
2024
156K
2025
41K
2026
Top Zip Codes by Business Formation
Highest total filings since 2015 with year-over-year growth rate
1
33131 +18%
57,144 total filings
6615
latest yr
2
33166 -4%
37,183 total filings
3302
latest yr
3
33134 +3%
35,713 total filings
3572
latest yr
4
33139 -2%
31,717 total filings
2998
latest yr
5
33130 -17%
26,974 total filings
2799
latest yr
6
33009 -18%
26,505 total filings
2575
latest yr
7
33126 -23%
25,817 total filings
2650
latest yr
8
33178 -6%
25,622 total filings
2585
latest yr
9
33137 +11%
24,419 total filings
2987
latest yr
10
33020 +9%
22,602 total filings
2590
latest yr
11
33024 -2%
21,840 total filings
2332
latest yr
12
33064 +2%
21,578 total filings
2399
latest yr
13
33132 -20%
21,534 total filings
2501
latest yr
14
33012 +13%
21,517 total filings
2696
latest yr
15
33133 +12%
21,001 total filings
2200
latest yr
Business Formation vs. Property Price Growth
Zip codes ranked by business filing growth, with corresponding median sale price change. A positive correlation suggests business formation may predict neighborhood appreciation.
| Zip | Filing Growth | Price Growth |
|---|---|---|
| 33034 | +104% | +290% |
| 33035 | +55% | +147% |
| 33128 | +45% | +10% |
| 33132 | +25% | +9% |
| 33127 | +24% | +150% |
| 33013 | +23% | +90% |
| 33167 | +21% | +107% |
| 33055 | +20% | +70% |
| 33018 | +16% | +51% |
| 33157 | +16% | +109% |
| 33014 | +14% | +76% |
| 33125 | +14% | +87% |
| 33010 | +13% | +81% |
| 33012 | +13% | +116% |
| 33137 | +13% | +79% |
| 33182 | +11% | +90% |
| 33147 | +9% | +108% |
| 33165 | +9% | +89% |
| 33168 | +8% | +103% |
| 33155 | +7% | +76% |
Methodology & Data Sources
Business formation data comes from the Florida Division of Corporations (Sunbiz) bulk SFTP files. We parse daily delta files containing all new LLC, corporation, and limited partnership filings statewide, filtering to South Florida zip codes (33xxx and 34xxx). As of March 2026, our dataset includes 519,857 filings.
Property sale prices come from county property appraiser records for Miami-Dade and Broward counties. We use median sale price per zip code per year, filtered to transactions above $10,000 to exclude non-market transfers.
Correlation methodology: We compare the earliest two and latest two years of data for each zip code, calculating the percentage change in both business filings and median sale price. Zip codes with fewer than 50 annual filings in the early period are excluded to avoid noise from low-volume areas.
This analysis is exploratory and does not imply causation. Many factors influence property prices, and business formation is one potential signal among many. We update this data weekly as new Sunbiz filings and sales records are published.
Want this data in your application?
Access business formation, sales, and property data via our REST API.
API Documentation →