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MiamiWorldcenter_6

The labor union has owned the site for more than 45 years and previously operated a 5,130-square-foot building on the parcel.

miami worldcenter rendering 1030x385

The scarcity of space has had an effect in Miami-Dade, where the asking leasing rates increased 12.5% to $38.98 per square foot this third quarter, from $35.54 a square foot year-over-year.