New Luxury Brickell Office Tower Being Selective About Tenants Due To High Demand For Space

The developers of a new luxury office tower across from Brickell City Centre have seen so much demand for space that they are being selective about tenants, according to the Herald.

The 830 Brickell office tower is now under construction and rising vertically, set to become Miami’s second tallest office building.

There are currently over 10 companies negotiating for space in the building.

They include firms from both in state and out-of-state, in real estate, law, banking, finance and technology.

A Cushman & Wakefield broker said that demand has been so high that it allows the developers to be selective about who they accept.

Tenants that have already been announced include Microsoft, WeWork, Thoma Bravo and CI Financial.

Rental prices in the new building are higher than any other building in Miami, the report said. Pricing is 15% to 20% higher than $70 per square foot asking price for Class A office space in the rest of the pricey Brickell submarket.

The 55-story, 725-foot tower is being designed by Adrian Smith + Gordon Gill Architecture, and the interior sky lobby “is going to look like a five-star hotel,” a broker said.

 

75 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Anonymous
21 days ago

Everyone should be selective about tenants. As a small-scale residential landlord I am extremely selective too!

Anonymous
21 days ago

Landlords are scumbags and you are one too then. Get a real job and stop charging these prices!🤬

Anonymous
21 days ago

“Get a real job?”

But he has one…

King of Midtown
21 days ago

So you want the government to control apartments too ?

Anonymous
20 days ago

With this administration who wants to control even your bank account, nothing surprises me.

Anonymous
21 days ago

I have many jobs actually. I have a main job that allowed to purchase my properties, plus I have another job where I manage my properties. In a way I’m also a small business because I provide jobs to maintenance people and since my properties are in luxury buildings, I contribute heavily toward the salary of all the workers in those buildings. Not to mention the taxes I pay, for which you probably rip the benefits too as you sound like someone that relies on that.

Anonymous
21 days ago

#burn 🔥😂

Anonymous
21 days ago

If this post could have had a finger snapping it would have lmao. Love the sassiness!

Anonymous
21 days ago

The fact that you felt compelled to entertain and respond to this person is beyond me, but, your response is everything! Bravo!

Anonymous
21 days ago

You should have a TV show and run for Pres-…oh wait!

NYC Loves Miami
20 days ago

Mic drop…

Anonymous
21 days ago

Prices are set by the demand and the market. How old are you? 10?

Anonymous
21 days ago

Prices are set by the market, as a landlord why should I subsidies someone’s rent? Many tenants didn’t pay their rent during Covid, now landlords should lower their prices when the market is hot? Buy your own place if you don’t want to rent.

Anonymous
21 days ago

lol. you need help

Anonymous
21 days ago

He probably worked 2 “real” jobs to save up to buy this investment…work hard and get rewards

Anonymous
21 days ago

Wow….I have never seen a -46 downvote…

This is possibly your greatest accomplishment.

Anonymous
21 days ago

lol…

Anonymous
20 days ago

-60 now

Anonymous
21 days ago

When screaming my tenants I always use the same procedure the bank uses to screen people for mortgages. Seems fair!

Anonymous
21 days ago

*screening (damn autocorrect)

Anonymous
21 days ago

What procedures do you use? I want to make sure I’m not missing anything when screening my tenants. Thanks!

Anonymous
21 days ago

I check everything from credit score, criminal records to rental history and finances going back two years, just like a bank would do for a mortgage. I ask for references and check those too by calling them and researching whether the info provided is correct. I also look for someone making at least 40x the rent but of course the higher the number the better the chances. I have a spreadsheet with all the factors I check and I fill it in with any applying tenants’ information so that I can objectively choose the best tenant, which is the one that has all or most factors captured in my spreadsheet. This also avoids any lawsuit based on discrimination of any type as I apply the same criteria equally to everyone and simply select the best financially stable option. Having this document shows how objective you are and avoids any possible litigation as long as, of course, your criteria aren’t based on protected categories, which would be wrong and illegal.

Anonymous
21 days ago

Awesome, thank you for your insights! I’m going to create my own spreadsheet as well. I use a generic rental application but never inputted that info into excel.

Anonymous
21 days ago

Wow, all of that to rent one of your apartments? What a clown you are.

Anonymous
21 days ago

It’s my property and I want to make sure I rent it out to the best financially stable person. If you think my screening process is too extensive, try applying for a mortgage.

Anonymous
20 days ago

I have rented 2 units I owned in the past and both times I was stiffed by the tenants for the last 2 months. Going forward I will implement the same screening to avoid this in the future for my new rental units. You’re probably one of the people who would leave without paying, clown.

POLO
21 days ago

It’s all about demmand and suply. If the suply exceeded the demmand significantly, they probably would have lower their standars.

POLO
21 days ago

Standard, typo

Anonymous
21 days ago

Wait, you think “standard” was your biggest typo in that word salad? Yikes.

Anonymous
21 days ago

That should have 46 upvotes.

Anonymous
21 days ago

And you don’t have even one!

Anonymous
21 days ago

What type of dressing do you want?!

Anonymous
21 days ago

Haters, putting other people down
to make their pathetic lives better.

Anonymous
20 days ago

“I HATE!!!”

– GRUMPY SMURF!

Anonymous
20 days ago

Yeah but I’m sure your building isn’t as exclusive, apples to oranges.

Anonymous
21 days ago

So selective they announced WeWork right after WeWork announced all of their financial problems.

Narrator: WeWork pulled out of the building later.

Anonymous
21 days ago

Exactly what I was thinking

Anonymous
21 days ago

WeWork is back.

Anonymous
21 days ago

they were their first tenant….also big co-working demand in the city right now

Azarius
21 days ago

WeWork investors can’t afford for them to fail, so they’ll keep pumping money into it

Anonymous
21 days ago

Time to build One Brickell City Centre…NOW!!!!

Anonymous
21 days ago

Young workers generally want to live in urban centers and many like working in the office. Older workers with kids like the suburbs and prefer working from home. I wonder if more companies will open up urban offices for their younger workers and let older suburban workers work from home. I wonder if the suburban office park is nearing its end.

Anonymous
21 days ago

Once trained, younger workers in my experience want to work from home too.

Anonymous
21 days ago

But not everyday. Virtual happy hours after work on Friday are not the same thing as bar crawling with other young professionals and the possibility of hooking up.

Anonymous
21 days ago

Getting drunk with coworkers is straight stupid. Hooking up with coworkers is even dumber yet. Separate your social life from your paycheck.

Anonymous
20 days ago

^
“Hooking up with coworkers is even dumber yet”

It’s only dumb if it’s “swing and a miss!”

Anonymous
21 days ago

No, I’m sure they don’t want to work from home, meaning their parent’s house, and employers don’t even if they own a home because it lowers productivity and moral, and technology is a glitchy mess.

Anonymous
21 days ago

In the 21st century, it makes sense to have several offices, makes ZERO sense to have one big HQ where most employees need to travel an hour to get to, ie have your main office in the Miami Downtown area, with two smaller offices North and South. Companies continue to build like its 1980!

Anonymous
21 days ago

Several offices, several leases, several more expenses, companies having several offices
instead of one central location rarely makes sense. They don’t care you have a commute. it’s not 1980, it’s common sense.

Jesus
21 days ago

To the developers, if you’re seeing so much demand perhaps build taller? 😁💁‍♂️ This tower should be minimum 900 feet tall if that’s the case. I hope it’s not to late to add that space! 😁

Anonymous
21 days ago

Lol dude its definitely too late. Foundations are only sized for a certain load. Adding another 150 feet of building would most likely not be feasible unless that was a possibility for future expansion from the beginning which I highly doubt

Jesus
21 days ago

Yeah it’s really disappointing that at this stage of the game the demand is there to make this the tallest in the state

Anonymous
21 days ago

Awesome news! Wish there was this level of office demand for World Center

Anonymous
21 days ago

Miami Worldcenter will have this in time.

Anonymous
21 days ago

Hines needs to get a move on

Anonymous
21 days ago

Miami is *so* *slow* I remember reading about MWC when Hudson Yards hadn’t even broken ground. HY is now 50% complete and the Paramount isn’t even finished.

Anonymous
20 days ago

They’re still studying the plans that’s being studied and then they have to study those studies.

King of Midtown
21 days ago

More of a reason why we need dedicated office towers.

Anonymous
21 days ago

Dear Swire, maybe you should start considering One Brickell City Center

Darin
21 days ago

Miami needs way more office towers in the financial district

Anonymous
21 days ago

In make believe land they should’ve added 15 more floors

Anonymous
21 days ago

In make believe land there should be an office tower also rising at MWC.
It’s inconceivable that this is the only office tower rising downtown in the last 35 years

Anonymous
21 days ago

See Wells Fargo Center downtown

Anonymous
21 days ago

Only the market dictates what goes up and when.

Anonymous
21 days ago

In make believe land, I have a penis that’s….

Anonymous
21 days ago

Hines team – are you reading this? Please bring back your beautiful building to the World Center. The area is exploding and is in desperate need of it. https://www.hines.com/news/hines-to-develop-office-led-mixed-use-tower-at-miami-worldcenter-in-downtown-miami

adrian
21 days ago

build more more and more

Anonymous
21 days ago

What B.S. four confirmed tenants so far, two that no one has ever heard of.

Anonymous
21 days ago

As they should, meaning how about more tenants that aren’t “Latin American operations of X?”

Anonymous
19 days ago

Great marketing… we’re so selective that’s why we’ll still have vacancy when it delivers.

Anonymous
21 days ago

They should put a metrorail station here.

Anonymous
21 days ago

And you should go back to your cave.

King of Midtown
21 days ago

metromover station across the street.

Anonymous
21 days ago

WTF are you talking about? There is one right in front at BCC.

Anonymous
21 days ago

But there’s not one right in front of his house. Wait, if there was one, then he’ll complain about it being too noisy…