According to a recent report, Miami recorded the lowest office vacancy rate among the top 25 U.S. markets in Q1 2025, at 15.5%. Miami also stood out as the second-strongest market in terms of high sales prices.

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Additionally, it led the nation in net international migration, gaining 123,835 people from abroad.

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The new space will accommodate 45 lawyers and business professionals specializing in corporate law, taxation, wealth management, investigations, litigation, arbitration, international trade, and global migration.

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Varonis has leased 17,900 square feet at 801 Brickell, which will serve as its new headquarters.

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The firm has placed the 2.8-acre dev site on the market.

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The new High Impact Film Fund program includes annual incentives of up to $10 million.

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The prime location offers the potential for constructing a supertall building.

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As borrowing becomes more affordable, construction costs stabilize, and market liquidity improves, many investors, currently sitting on significant dry powder, are eager to re-enter the market.

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Seven supertall towers are currently planned across Miami.

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The Madrid-based bank will begin demolition of its Brickell office building in the next few weeks to make way for the new tower.