The Real Deal New York

Space invaders heading south

South Florida office space draws more companies from New York, elsewhere
By Mark Maurer | April 24, 2014 10:30AM

From the South Florida Market Report: With asking rents well below those in New York and other northern cities, plus the subtropical climate and diversified workforce, South Florida office buildings continue to draw businesses from all over.

“New-to-market, high-profile companies are making strong commitments,” said Ken Krasnow, managing director at CBRE in Broward and Palm Beach counties.

For example, global law firm Jones Day signed a 21,363-square-foot lease in August for a full floor at 600 Brickell, a 40-story tower developed by Foram Group and known in the market as Brickell World Plaza. [more]