Miami’s Top 2Q2014 Leases

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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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  1. Pingback: Miami Commercial Real Estate Headlines You Could Have Missed 12/26/2014 « HawkinsCRE

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