Cain’s Jonathan Goldstein sees top Miami office rents reaching Manhattan levels

The co-developer of Miami’s marquee office tower 830 Brickell predicts that ultra-Class A office rents in Miami will reach New York levels. Cain and OKO Group’s 57-story tower 830 Brickell commands office rents of up to $250 per square foot, among the highest in Miami, and counts Citadel, Kirkland & Ellis and Microsoft as tenants. Jonathan Goldstein of Cain expects Miami to see the $300-to $350-per-square-foot rents that he said are “becoming commonplace” in Midtown Manhattan. “The next stage of investment in Miami, if you’re brave enough, is the next office block,” Goldstein said at The Real Deal’s annual Miami […]

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