MIAMI—Downtown Miami and Brickell are hot locations for local and global businesses that want to be where the action is. Even still, Brickell’s vacancy rate is about 15% and the CBD’s vacancy sits at 20%, according to the Miami Downtown Development Authority (DDA) Office Study.

Danet Linares, vice chairman of Blanca Commercial Real Estate, tells the vacancy has led to more new tenants entering the market, which is good news. Nevertheless, Brickell and the CBD are nevertheless being repositioned with future growth in mind.



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