801 Brickell, a 28-story office high-rise, comprising 415,000 square feet in an architecturally distinctive design, in Miami's central business district. Courtesy photos 801 Brickell 93% Leased as Increased Demand Drives Leasing Activity
"The cross-section of industries represented by recent deals is a testament to the growth that South Florida continues to see, especially from financial services firms looking to solidify their presence here," said Charles Russo, southeast regional head for Nuveen.
March 13, 2023 at 04:07 PM
3 minute read
Real Estate
As an increase in demand and population continues to fuel developments and leasing activity in Brickell, limited new office developments are compressing vacancy rates and causing substantial increases in asking rents. Class A rents in Brickell ended Q4 of 2022 at $90.45 per square foot, a nearly 25% increase year-over-year.
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