MIAMI—When you think of the office market in Coral Gables, FL, you probably think of international finance firms. But the tenant base there is fairly diverse.

“International banks and wealth management/securities firms have historically had a strong presence in the Coral Gables market,” Danet Linares, vice chairman and Blanca Commercial Real Estate, whose firm just inked a landlord rep deal with BAC Colonnade, tells GlobeSt.com. “But more and more we're seeing major multinational companies locate here.”

Indeed, Coral Gables saw plenty of traction in 2014 on the leasing front to a new breed of tenants. Some of the notable transactions included private trust and investment firm Fiduciary Trust International of the South, a division of Franklin Templeton Investments, signing a lease for 12,500 square feet at 2 Alhambra Plaza. Pipeline Workspaces, a shared office space provider, signed a lease for 14,000 square feet at 95 Merrick Way, which is also part of the complex.

“Tenants see value in being near Miami International Airport and are attracted to the area's urban vibe and walkability,” Linares says. “Access to executive housing is another big plus. With so many residential neighborhoods nearby, commuting is a breeze. We're also seeing good traction with tech, entrepreneurial and new media companies, like HBO Latin America, eMerge Americas, Endeavor, etc."

Hyatt Latin America opened an office at 396 Alhambra in Coral Gables. Multinationals like Coral Gables—and they like green office space. That has put 396 Alhambra is a strategic position, attracting tenants like Diageo, Banco Pichincha, CitiBank, N.A., and architecture firm RTKL Associates. But quality office buildings across Coral Gables are benefitting from tenant interest.