This bodes well for office construction in Miami - and especially this project since 830 Brickell is literally across the street. You can't get a more reliable comp than that.
And I'd expect the top floors to get an even higher rate as well. That should be a strong sell to investors as they look to finance.
This offsets some negative news in the office market in Brickell. Like in many cities - the super high end new Class A+ projects have their own market that seems a bit isolated from the overall office market.
https://www.thenextmiami.com/brickel...ing-manhattan/
Quote:
The reports say that Brazil’s Banco Master leased 26,000 square feet of space at 830 Brickell for around $190 per square foot.
That’s a record price for Florida, and “on par with Manhattan’s priciest office space.”
830 Brickell is now 100% leased.
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