Source: JLL Source: JLL

MIAMI—The greater Miami area is experiencing the highest level of construction activity in a decade, but is managing to post mainly positive absorption numbers due to strong tenant demand.

In its third quarter report on the office market for Miami-Dade counties, brokerage firm JLL reports that the market is seeing nearly 1.8 million square feet of new office product under construction, including 830 Brickell, which is the first tower to rise in Brickell in more than a decade. The project, which secured tenant WeWork for nine floors, along with The Plaza Coral Gables South Tower, accounts for part of the 716,000 square feet of office space under construction in Miami’s urban core at the moment.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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