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.
Additionally, it led the nation in net international migration, gaining 123,835 people from abroad.
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.
Varonis has leased 17,900 square feet at 801 Brickell, which will serve as its new headquarters.
The firm has placed the 2.8-acre dev site on the market.
The new High Impact Film Fund program includes annual incentives of up to $10 million.
The prime location offers the potential for constructing a supertall building.
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.
Seven supertall towers are currently planned across Miami.
The Madrid-based bank will begin demolition of its Brickell office building in the next few weeks to make way for the new tower.