830 Brickell is Open After Two-Year Delay That Led to Winston & Strawn Pulling Lease
The highly awaited Grade A commercial building is now functional as tenants build out their spaces, while their temporary office spaces reach capacity.
November 08, 2024 at 04:47 PM
3 minute read
What You Need to Know
- Miami's highly anticipated Class A commercial building 830 Brickell is now open after a two-year delay.
- The delay caused Winston & Strawn to pull its lease, along with non-legal tenants, but the building is back to 100% occupancy.
- As firms like Sidley Austin continue growing rapidly, the need to move in is becoming necessary as they now wait for individual build-outs.
As of October, 830 Brickell is officially open and 20% of its space is occupied and functional, but it lost some tenants during the two-year delay in officially debuting.
The Class A commercial building has been closely watched as it signaled Miami's rise as a host for major corporations willing to pay top dollar for a spot in the growing market. The luxury building, renting space as high as $200 per square feet, announced it was 100% leased in 2022 after Kirkland & Ellis snatched the last office space, joining companies like Microsoft and Citadel. But after missing its expected opening in 2022, Winston & Strawn joined investment advisor Rothschild & Co in pulling leases.
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