It is a busy time in commercial real estate these days. The investment sales brokers are very busy and leasing activity is also brisk. Demand has been strong for a full range of sizes from Miami’s average square footage which is about 3,000 sq ft plus quite a few tenants over 50,000 sq ft. New-to-Miami tenants are at an all-time high. All of these factors are contributing into increasing rental rates, fewer concessions and actual competition for prime spaces.
Here’s a list of the top leases year-to-date in Miami.
Tenant | Sq Feet | Submarket | Transaction Type |
UBS Financial Services |
43,500 | Coral Gables | Renewal |
Digital Latin America Information Technology |
35,031 | Miami Airport | Relocation |
Essence Perfumes Consumer Goods |
30,375 | Brickell | Renew/ Expansion |
Arnstein & Lehr LLP Law Firm |
27,054 | Downtown | Renew/ Expansion |
Consulate of Brazil Government |
24,518 | Coral Gables | Relocation |
Gr. Miami Convention & Visitors Non-profit |
23,491 | Brickell | Renewal |
DentaQuest Insurance |
22,878 | Miami Airport | Relocation |
If you have a question about your office lease, contact me for a free lease analysis.
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