Brickell Bay Reaches 97% Occupancy

MIAMI—Despite more than 1 million square feet of new office space inventory coming online in 2010—and despite losing an anchor tenant that had a $58 million dollar lease on 15% of the building in 2009—Brickell Bay Office Tower has reached 97% occupancy. Brickell Bay inked nearly 40,000 square feet of leases in 2012.

The 32-story, class A office tower in Miami’s Brickell Financial District executed transactions totaling 38,360 square feet of office space. In all, 11 leases were finalized at the 280,500-square-foot office tower. More than 22,000 square feet was taken by companies that are new to the Downtown Miami/Brickell market.