The leases include two renewals: a 25,000-sf renewal by JPMorgan, which was represented by CB Richard Ellis broker ChrisCoots, and a 29,000-sf renewal by Banco Bilbao Vizcaya Argenteria,which was represented by Newmark Knight Frank brokers Patrick Duffyand Shay Pope. In the third deal, Feldman Gale and Webber, PAleased 24,000 sf on the 30th floor of the building and wasrepresented by Cresa Partners broker Charlie Barton. Taylor &Mathis broker Brian Gale represented the landlord in all theleases.

Gale tells GlobeSt.com that he has been representing OneBiscayne Tower since 2004, when the building was 72% occupied. "Thetenants are all high-profile, high quality tenants," Gale says.

According to a Q2 CB Richard Ellis market report, office leasingin the Downtown market has been steadily improving since 2004.Since Q4 2004, the vacancy rate has plummeted from 16.8% to 9.6% inQ2. During that same time period, average asking rental rates haveincreased from $25.35 to $26.40 per sf. The market for class Aoffice space is even tighter. During Q2, the vacancy rate for classA space was 6.5% with an average asking rental rate of $34.14 persf.