Real Estate
Miami Office Tower Charging NYC Rents Lures Brazilian Bank
Construction delays have pushed back the building’s completion to spring 2025, from an initial target of late 2022.
Photographer: Saul Martinez/BloombergThis article is for subscribers only.
A Brazilian bank has snapped up the last available office space in a Miami skyscraper that has become a symbol of the city’s burgeoning financial sector, according to people familiar with the deal.
Banco Master has signed a lease for 26,000 square feet (2,415 square meters) at 830 Brickell, according to the people. The bank is paying roughly $190 per square foot, a Florida record and a rate on par with Manhattan’s priciest office space.