Miami’s Top 2Q2014 Leases

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.