2min chapter

FT News Briefing cover image

Miami: a rare bright spot in US office real estate

FT News Briefing

CHAPTER

Rising Rents and Demand in Miami's Office Market

This chapter explores the steep increase in rental prices for luxury office spaces in Miami, highlighted by a Brazilian bank's lease at 830 Brickell for nearly $200 per square foot. The discussion focuses on the limited supply of new buildings and the influx of businesses relocating to the area, raising questions about the sustainability of these price trends.

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