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Venture Capital Feeds Space Leasing Fires

MIAMI-MercadoLibre of Miami Beach tops South Florida list, attracting $46.5 million for its online auction business that focuses on Latin American markets.

By Harold Kelman | Updated on August 15, 2000

One reason South Florida office and industrial space is filling at a healthy rate is the local boom in new business formations fueled by plentiful venture capital.

A total $136.2 million in new venture capital was snagged by mostly tech-related businesses in the area during the second quarter, according to a survey by PricewaterhouseCoopers. The largest single finding, $46.5 million, was supplied to MercadoLibre of Miami Beach, an on-line auction company focusing on Latin American markets.

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