WeWork Miami Occupancy Hits 97% – Top Worldwide

Miami is the top performing market for WeWork worldwide when it comes to office occupancy, according to a new report from CoStar.

WeWork’s offices in Miami were 97% occupied in the second quarter – far above New York (68%), San Francisco (75%), and Boston (57%).

Other coworking operators are seeing similar results in Miami, and are looking to expand.

The report also notes that top tier office space in Miami is in strong demand, with rents skyrocketing.

 

(photo: Phillip Pessar)

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Not Anonymous
1 month ago

This shows all the enthusiasm for working in Miami, as well as the lack of office space. We need more office towers in the city!

Anonymous
1 month ago

I guess the verdict is out. People DO like going to the office, when it’s actually in a nice city. They want hybrid work structures, and office space that isn’t in such dense unpleasant areas. It’s nice when you can get out of the office for a quick walk break, and not be mauled over by crowds of people, but still have retail nearby to grab a coffee or meet a friend for lunch.

Anonymous
1 month ago

No they don’t, it their bosses who want them in the office. And the bosses make the rules.

Anonymous
1 month ago

I go to the office every day! Love it so much and I think one of the reason for all these supply chain issues is people not being together. Think about how many times you call customer service and the person has a child, pet, or other personal business making noise and you get transferred to another person without answers.

I used to work in MANHATTAN and it was a nightmare. Now I work in a little hub in Miami and every day in the office feels like a blessing, and it’s so pleasant to walk around on my lunch break and see my coworkers. It gets me out of my home and connects me to the world. More of this in Miami and America!

Anon
1 month ago

The pandemic showed us our economy doesn’t have to be centralized in one major city like NYC. It makes us vulnerable to all be crammed together in one city. We need cities with equal power, like Miami, throughout the Us.

Ignatius J Reilly
1 month ago

Not sure about how “cities with equal power” applies, but people do move and vote with their feet. Miami has experienced population shift for decades now, the pandemic accelerated that growth for sure.
Certain cities and industries transition and so do the people in those cities and industries.

There a many industries where people should be together to share ideas. Office buildings are great examples of places where entrepreneurs, capital allocators, bankers, lawyers, marketing creatives, & PR people all “live” together and collaborate. In person is much better than virtually to tell the story and win the business.

What happens next is that the humans with the best human skills will go make it rain and win accounts, then outsource the actual work to those without human skills on Fivver or similar services.

Anon
1 month ago

Except when they get stuck in group think because everyone is in one central city-there is no balance within their industry. Industries should have multiple hubs throughout the US, it makes it possible for people to move from one hub to the other when life circumstances change.

Anonymous
1 month ago

What’s the matter, did Elon make you go beddy-bye at work?

Anon
1 month ago

Good luck having that coffee place or place for lunch pay their rent and stay open without “crowds of people”

Anonymous
1 month ago

There’s a middle ground for good commerce and profit that isn’t lines upon lines of bustling crowds.

Ignatius J Reilly
1 month ago

The successful workers interested in climbing the ladder and/or improving their station in life definitely go to the office.

Anon
1 month ago

True, fully remote workers are complacent and lack the skills required to excel in the real world.

John
1 month ago

Wowsers!

Luis
1 month ago

Great News for Miami !

Anon
1 month ago

Groundbreaking.

Anonymous
1 month ago

I lived in that building for years until WeWork ruined it.

Juan
1 month ago

Well that’s subjective. It’s great that you made memories there but you have no idea whether that building may have higher potential as an office space to serve the community.

Anonymous
1 month ago

Either they’re lying on the stats or they re-filled all those floors that went empty when Royal Caribbean ditched them for Spaces a few blocks away

Anonymous
1 month ago

wework left and closed that building long ago

Anonymous
1 month ago

The Security Building would make a great boutique hotel.

Downtown Vagabond
1 month ago

No, it needs to be office space, which is much needed.

Anon
1 month ago

Let’s not forget WeWork probably has 10-20x the amount of square footage in NYC and BOS as they do in MIA.

Anonymous
1 month ago

Maybe they should not have given up their space in Brickell city center to REEF or in the 830 Brickell building.

Se me paró
1 month ago

What about the supply?
Maybe those cities have more office space and our supply is low inflating our #s