1450 Brickell Now 34% Leased

MIAMI-It isn’t easy being green. Not when you are a 582,817-square foot LEED Gold office tower opening on Miami’s Brickell Avenue, the city’s financial district, at a time when the area’s office vacancy rate is nearly 20%. Still, the 1450 Brickell building, which received its temporary occupancy certificate recently, and where build-outs for new tenants are taking shape, the building’s owner, the Rilea Group, announced that as of mid-May, the building was 34% leased.

The 1450 Brickell building has many attributes which come in handy, given the fierce competition in the office market, especially the Brickell Avenue submarket. Some of those attributes it shares with its neighbors, such as a convenient and picturesque location: It is close to Biscayne Bay, within walking distance of 30 retail businesses, restaurants and luxury hotels and close to Miami’s Metro Mover.