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Swire Properties has revealed the plans for the second phase of Brickell City Center; One Brickell City Center --- to be the tallest commercial building in the state, if built.

The firm will partner with Related Companies to construct 1.6 million SF of 'Class A' office with 360-degree views of the ocean, Miami River and Downtown Miami. The height is expected to rise to 1,049 feet and groundbreaking is scheduled for 2023.

Miami has been a hot spot for corporate relocations and expansion during the pandemic, especially among technology and financial companies. The forecast remains bright for Sunshine State.

Swire Properties, Related Cos. plan One Brickell City Centre in Miami, tallest building in Florida - South Florida Business Journal Office spaces would take up the majority of the 1,000-foot skyscraper.

One of the nation's largest multifamily developers, Greystar, is launching a flex space warehouse in the Coconut Creek community, west of Florida's Turnpike.

“This development will further the city’s vision of a substantial economic base within the community and will enhance the city’s tax revenues,” the developer stated in the application.

The flex space project is estimated to be worth $34 million and would support 852 direct job opportunities as South Florida is experiencing a surge of companies moving to the area.

Greystar proposes industrial development in Coconut Creek - South Florida Business Journal The developer is best known for apartments but it recently launched an industrial division.

Out with the old, and in with the new.

More employees are looking at office space to promote an exciting post-pandemic workplace experience. This is resulting in a flight to quality, both for tenants and landlords aiming to capitalize on the return to the office.

In response, we will continue to see more office perks ranging from on-site childcare and dry cleaning to full food halls, with fresh concepts beyond the expected.

Read more on this shift in the workplace by Commercial Observer

The Shifting Workplace – The New Must-Have Amenity Spaces The pandemic has brought unexpected challenges. Learn how the pandemic has shifted the desire for amenity spaces.

The island of Palm Beach, typically known for its wealthy, older crowd, has seen a pandemic renaissance, leading younger generations to take root.

This mass migration of new talent will ignite fresh opportunities for businesses in the area. Take Palm Beach's retail sector for example. It's booming, leading to pre-pandemic level increases in foot traffic at properties like The Royal Poinciana Plaza, which supports regional demand for more play, while residential and office spaces are just around the corner.

Read more in the Bloomberg article linked below. |

https://bloom.bg/3DWQ1ny

Image: New York Social Diary PB

South Florida saw a 183% increase in commercial property acquisitions from 2020 to 2021, with transactions showing no signs of slowing in 2022.

Florida’s business-friendly environment and superior quality of life have sparked a cultural migration, and institutional investors are taking notice of this shift.

The industrial, multi-family, office and retail sectors are all experiencing heightened property sales as South Florida continually proves to be a prime location for investment. |