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|
|Digital Latin America
|Arnstein & Lehr LLP
|Consulate of Brazil
|Gr. Miami Convention & Visitors
If you have a question about your office lease, contact me for a free lease analysis.