“Lydecker Diaz has called Downtown Miami home for more than a decade, so we’re very familiar with the tremendous business opportunities that the burgeoning urban core has to offer,” says Manny Diaz, senior partner with Lydecker Diaz and former mayor of Miami. “With more and more companies from South Florida, Latin America and Europe looking to expand their presence in Miami, we’re enthusiastic that Brickell Avenue’s standing as a financial hub for the Americas will grow stronger, with Lydecker Diaz’s core practices positioned at the center of that growth.”

1221 Brickell Avenue is a 26-story class A office building located in the heart of Miami’s financial district. The 407,000 square foot building has been awarded LEED Silver status by the U.S. Green Building Council, as well as the Energy Star label from the U.S. Environmental Protection Agency.

Lydecker Diaz isn’t merely playing musical chairs with the move from 1201 Brickell. The firm is absorbing 5,000 square feet of additional square feet of office space. That helps the Central Business District’s vacancy rate, but Grindler says it will take time for the market to return to healthy occupancy levels.

“We have three brand new buildings on the market and we haven’t seen a lot of jobs or growth,” Grindler says. “In fact, in prior years we’ve seen a lot firms retract in size. It’s going to take a little bit of time to absorb all that space.”