Developers are starting to introduce more office product into the market after years of focus on residential and mixed-use. The optimism is fueled by a recent rise in occupancy and rents. Almost 2M SF of office space is expected to be completed over the next two years, The Wall Street Journal reports.
"The skyscraper will eventually rise 57 stories and 724 feet, making it the second tallest office building in Miami. Ceiling heights in offices will be 13 feet...
'The 830 Brickell development, in its unmatched location, will enhance and elevate the commercial landscape of Miami, helping to attract world-players in finance and business to this thriving city. In my 26-year career as a developer I have built 71 commercial and residential buildings totaling over 75 million square feet, I am proud to be bringing what will be the best office building to Miami with 830 Brickell,' said Vladislav Doronin, Chairman and CEO of OKO Group.
Argentine soccer star Joaquin Correa put a condo under contract at Missoni Baia, a 57-story project under construction in the Edgewater neighborhood of Miami.