Microsoft In Advanced Negotiations To Open Brickell Offices As Demand For Prime Miami Office Space Grows ‘Fierce’

Microsoft is among the tenants that are in negotiations to lease office space in Miami, according to Business Insider.

The company is in advanced negotiations to lease 30,000 square feet at 830 Brickell, the 56-story office building under construction across from Brickell City Centre.

830 Brickell is asking some of the highest lease prices ever in Miami for office space, in the upper $70s per square foot.

Brokers for the building say they currently have 12 full floor proposals to lease space.

Miami’s office market is now seeing an unprecedented surge in demand as a result of the pandemic, and brokers say that they are seeing the highest level of activity in their careers, the website reported. Tenants are also paying record high prices for space.

Citadel, one of the world’s largest hedge funds, is said to be shopping for 80,000 square feet in Miami, and has placed 830 Brickell on its shortlist.

Chicago law firm Baker McKenzie is also said to be in negotiations to lease space at 830 Brickell.

The competition for prime Miami office space has grown “fierce” and is expected to drive new construction, brokers say.

Developer Related Group is among those looking to cash in, and is offering multiple downtown Miami development properties to office tenants.

Hines is also now marketing its 600,000 square foot One Worldcenter project in an effort to land an anchor tenant and break ground on the project.

One financial firm was said to have looked at signing a deal for 30,000 square feet at 600 Brickell, which was completed 10 years ago. It was unable to complete the deal due to a lack of space in the building, and is instead now looking at The Plaza in Coral Gables.

 

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Anonymous
9 months ago

Miami Winning!

Anonymous
9 months ago

Yes, it most certainly is.

Anonymous
9 months ago

Let’s see some signed leases before we get too overexcited.

Anonymous
9 months ago

No way buzz killer! Drink the Kool Aid! Miami Winning!!!

Anonymous
9 months ago

Meanwhile Mana is choosing pavers and color patterns for Flagler St instead of building offices…

Anonymous
9 months ago

Heyyyy.. these pavers have a lot of designs and colors in them, OKAY!!!

– Mana

Anonymous
9 months ago

Mana’s primarily a land speculator. You have the wrong expectations.

Azarius
9 months ago

It’s crazy to hear of all the companies and key ppl want to move to Miami but we’re still having problems getting anchors for new projects

Sure Jan
9 months ago

Fluff piece articles

Anonymous
9 months ago

Cranes and concrete are anything but fluffy…

Azarius
9 months ago

Most intel says Miami has 10 yrs before the real tech companies start to set real roots here( gives Miami time to catch up to there 2020 needs in 2030)

Anonymous
9 months ago

and Miami will be flooded by then.

Anonymous
9 months ago

Well according to some Miami should have been in the ocean by the year 2000

Anonymous
9 months ago

Covid has accelerated 10 years of change into one. So 2030, in many ways, is already here.

Anonymous
9 months ago

“real tech companies” that does sound very intel at all.

Anonymous
9 months ago

yeah total BS – read about all the people that come here and then realize what a mess the city is – nasty people, traffic, heat, etc. and so many leave and go back

Trees On The Roof Guy
9 months ago

Yeah and those tend to be the folks without vision who years later say “wow, what did I walk away from… I missed out BIG!” Vision is what separates haters like you from creators.

Mr. Miami
9 months ago

Really?

Anonymous
9 months ago

If so many leave, then why is traffic still bad?

Anonymous
9 months ago

And the population keeps growing.

Anonymous
9 months ago

If so many people are leaving the Bay Area, why is the traffic so bad?

Anonymous
9 months ago

Who the heck here said people are leaving the Bay area? Hello? Anybody home McFly?

Anonymous
9 months ago

Yes, the incivility, pretensions, tourist, and the heat can get a bit tiresome, without a doubt, but it has its compensations like mild winters, lots of outdoor activities, nearby travel options, etc. just have to work a little bit harder to find the honey, but it’s there. Cheers

Sara
9 months ago

Just moved here for a tech job and love it so far- sunshine and no taxes.

Anonymous
9 months ago

Ooohhh….that explains why the migration and population of Miami increasing so rapidly.

Mr. Miami
9 months ago

Another out of state hillbilly are you?

Anonymous G
9 months ago

Lets go Miami!!! 830 Brickell is going to be not only a beautiful building but a busy building. Can’t wait to see it finish.

Shawn Kouri
9 months ago

Microsoft is coming to Miami. Mayor Francis Suarez does have a campaign to lure and court Silicon Valley companies to come to Miami. A bunch of companies are leaving California after all.

Anonymous
9 months ago

How do we lure them with no Class A office space in Miami? This is the only office tower rising in Miami since the “90’s

Anonymous
9 months ago

600 Brickell, Wells Fargo Center, Miami Central 2, two towers in Brickell City Center, just to a name a few office buildings

Anonymous
9 months ago

Just remembered 1450 Brickell. Some people that comment here have worms for brains.

Anonymous
9 months ago

Look, I can’t see the forest because of all these trees!

Anonymous
9 months ago

Suarez is a hot man. Just saying…

Anonymous
9 months ago

So is Gavin Newsom, but he’s an idiot (yes, I know Microsoft is a Washington State company).

Anonymous
9 months ago

He sure is
Cutest mayor in the country
Sexy as f….

Anonymous
9 months ago

I wonder which Microsoft team will be located in Miami. Probably finance or marketing but it would be cool if there was an actual engineering team. Not enough engineering jobs in Miami.

Anonymous
9 months ago

Not enough quality engineering talent in Miami is why and it’s because the universities aren’t all that great in engineering and the coding schools are 10 week crash courses which are a total joke

Anonymous
9 months ago

That is a lie, there is plenty of talent here. meanwhile the hb1’s brought here all took 10 week crash courses.

Anonymous
9 months ago

Sorry no the tech talent in Miami is dismal. As of now there are very little jobs of note and the little talent the schools produce tend to leave the city.

Anonymous
9 months ago

Interesting point of view.
Blackstone signed a 41,000 sq ft office lease in Miami Central for their Technology & Innovation practice. This will create over 200 new jobs. The company issued a statement:
“Miami is a vibrant city with a pipeline of top technology talent available from best in class university programs, as well as an experienced workforce that will enable us to diversify our talent pool and grow our technology team. 2 MiamiCentral’s prime downtown location and access to mass transit make it an ideal office location,” said John Stecher, Blackstone’s Chief Technology Officer.

Anonymous
9 months ago

We need to develop our own talent and our local colleges and universities need to step up to the task.

Anonymous
8 months ago

There is no top tech talent here in Miami. I’m a developer, and I’ve been here for 4 years. I’m leaving soon because the pay sucks here. The talent people speak of is non-existent. UM and FIU don’t compare to Cal Berkeley and Stanford, let alone the rest of the schools in the Bay Area (and to an extent, the rest of CA).

MSFT isn’t moving anything besides their Ft. Lauderdale office down to MIA. No developer will move from their Redmond office, no sales person from their NYC office will leave NYC. The infrastructure that exists in those offices (and their ecosystems) is lightyears ahead of Miami’s, no matter what the mayor says.

Anonymous
9 months ago

A good share of local engineering needs are sourced via national searches. Or outsourced, even internationally. Problem for incubators.

Anonymous
9 months ago

I mean, I’m from Miami and I moved to California where I make about 4 times what I could make in Miami.

One company in Miami offered me a job where I’d make, no shit, 1/8th what I’m currently making. This was like 5 years ago when was less experience but still…

I’ve met a ton of engineers out here in Silicon Valley from South Florida who would love to live closer to friends and family but the job market there is a joke.

Anonymous
9 months ago

If it is so great there, than why are you blogging on a south Florida real estate site? The only joke is you. The stats support people moving out of your crap state and moving to our great Florida state.

Anonymous
9 months ago

Did you read what he said? He actually wants to come back….

Anonymous
9 months ago

Agreed, very small tech talent pool in Miami and equally small quality tech job pool. Miami is much bigger on and meant for other industries like finance, hospitality/tourism, etc. It has little to no qualities which would make it ideal as any sort of a tech hub including as you pointed out, the lack of quality engineering programs in the few universities there

Anonymous
9 months ago

Microsoft already has an office in north Fort Lauderdale. Curious if they will relocate those workers to Miami or if this is totally new employees. Also curious if these workers will actually be engineers/tech workers or just business development/sales/marketing/support roles. Hopefully tech workers, but if Miami really wants a tech presence we need to invest in schools, both primary and at the university levels. Remember it’s not Miami vs San Francisco it’s FIU vs Stanford. Need the talent to get the jobs

Anonymous
9 months ago

Miami-Dade and Broward should both be heavily investing in FIU. FIU is the key for the future of Miami. UM is way too small of a university to make a big impact for everyone

Anonymous
9 months ago

Um, Sanford started as a small university. Read about how Silicon Valley came to be.

Marc
9 months ago

FIU vs Stanford?!? It’s like you forget UM even exists….(btw, it’s a top 40 university in the country)

Anonymous
9 months ago

This office is relocating from Cypress Creek

William Gates
9 months ago

True story ^

Anonymous
9 months ago

Yes please! I’m tired of doing a reverse commute.

Anonymous
9 months ago

You probably are commuting to either Doral or Miramar.
Office and job central in Miami Dade
Go figure

Anonymous
9 months ago

I was doing it from Midtown to Sunrise before we started to WAH

Anonymous
9 months ago

I’ve been saying for years every since I first started reading TNM that Miami needs more office space! Companies are looking to relocate now but Miami doesnt have enough office space to accommodate them right now. They would have to wait 4+ years for more office to be built! All we have seen through the years are residential and retail every project with one office tower being built in the last decade! Not one office tower for over 10 years! How do we expect to nab these companies like Amazon an others with no office space to negotiate with? Innovation district? Yeah right the powers that be wont even allow billboards the essential part of the main building for that project! That pretty much stopped that project cold an we haven’t heard anything from Simkins since then!…

Anonymous
9 months ago

Simkins and Mana have done about the same for the innovation district and downtown… nothing

Anonymous
9 months ago

and tons of retail is vacant and has been for years and will stay vacant.

Anonymous
9 months ago

for Years miami didn’t need new office space. New demand is being spurred by recent income tax changes and corona. Cheers

Anonymous
9 months ago

That is incorrect. There have been several office buildings built in the last 10 years, and there are over 1.4M sq ft in the CBD/Brickell pipeline alone.

Anonymous
9 months ago

FECR should get going now on OBP!!

Anonymous
9 months ago

Hopefully Apple and Tim Cook will follow the trend and bring jobs here…

Azarius
9 months ago

Will never happen

Anonymous
9 months ago

Yeah, after spending billions on their UFO campus in Cupertino, I’m sure that relocating to Miami is their first priority lol

Anonymous
9 months ago

Already are, as in their Latin American operations in Coral Gables.

Anonymous
9 months ago

And they’re looking to expand.

Anonymous
9 months ago

Lets go

Anonymous
9 months ago

Leave that term in 2019.

Anonymous
9 months ago

*Vamonos

Anonymous
9 months ago

Andale, andale, arriba, arriba!!

Anonymous
9 months ago

vamos bring on the tacos,chimichanga,gorditas for those silicon valey executives

Anonymous
9 months ago

Fantastic! The more the merrier!!

John papa john
9 months ago

Giant piece of fluff. We want signed LEASES not hearsay from some exaggerative office broker

Living off A1A
9 months ago

Blah-blah… any “major” move into SoFL by any Silicon Valley Tech Giant will require that MDT actually (ACTUALLY) build a real Mass Transit Rail System. Real connectivity! Above and around the 24/7 gridlock. The SMART Plan only scratches the surface of a system that will be a functioning *network*. And such a plan is not even a 20-year reality. Only if all the stars align and the Feds dump a couple billion-$ into MDT>>>a transit debacle that can’t operate the minimal piece-meal system it has now. (and now approval on a 4th mode: monorail… aarrgghh) “Walking” and “Bicycles” are not the answers… the weather answered that question for us. (unless every office comes with showers and changing rooms!) Miami has a great opportunity to become the next major center of many business variants. But the less-than-third-world infrastructure will never allow that to happen. With FL being one of the few states without State Income Tax (FL TX NV AK SD WA & NH) it is a great reduction in overhead and saving opportunities for employees and corporations. But for Microsoft>>>WA is also a tax-fee state! Miami-Dade… almost but not quite.

Anonymous
9 months ago

Oh NOW we want more office space. Should have been built in the CBD years ago.

Anonymous
9 months ago

And here. We. Go.

ty3
9 months ago

microsoft is coming, yes maybe, back office and a call center… people get real seriously… just like with all the other high profile names.. same jobs that go to India are coming to Miami because of onshoring…

Anonymous
9 months ago

At least they’re here instead of going to India, for now…

NYC Transplant
9 months ago

At $70/sf, it won’t be back office or call center personnel located in Brickell. Most likely business development/sales, but that’s ok. What matters is the market signal that a successful new office tower will send. Somewhere in Brickell/Downtown there needs to be an equivalent to the office towers that line 6th Avenue and Park Avenue in Manhattan. BTW, most of those towers aren’t more than about 50 floors. It’s a hassle to work on floors that require a sky lobby or interminable elevator rides.

Trees On The Roof Guy
9 months ago

Do you guys plan on opening a site like this for Orlando/Tampa/Jacksonville? Let’s see all of Florida be great. 😎

Anonymous
9 months ago

Miami is for people who want swamp ass. Place is grimy and stinks like feet. Put your hand on a door handle and it slides off from old cheesy sweat.

Anonymous
9 months ago

Another building stacked on a parking garage.

Anonymous
9 months ago

At least on this building they made it look somewhat a part of it. The garage matches the crown, which is a nice change of pace from other developments.

Anonymous
9 months ago

As opposed to a building with a parking garage beside it? Great use of land!