The Real Deal New York

Office developers looking to Miami

March 25, 2011 09:54AM

From the South Florida website: Miami saw the addition of more new office space last year than any other city in the United States other than the nation’s capital, according to Jones Lang LaSalle. But the vacancy rate in Miami’s central business district is 22 percent, nearly twice that of Washington, D.C. One tower, 600 Brickell, is on the way after a strategic slowdown. “The last generation of buildings are being left with big open spaces,” said Robert Kaplan, principal of Asentus Real Estate. “The question is how do these get backfilled?” Loretta Cockrum, CEO of Foram, the developer of 600 Brickell, said she hoped to bring new industries to Miami. [more]


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