MIAMI-Whether you see it as a flight to quality or just an opportunistic tenant’s market, relocations are the name of the office game. Indeed, the Miami office relocation trend has fueled nearly 80,000 sf of recent transactions for CresaPartners alone.

Of the 82,211 sf of office leases CresaPartners has brokered in the last few quarters, 76,672 of them are attributed to relocations. The remaining 2,539 sf is associated with the entrance of an international company expanding into the United States via Miami.

“From free rent to tenant improvements, there are plenty of concessions still to be had in the marketplace,” Barbara Liberatore Black, founding principal of CresaPartners, tells GlobeSt.com. “Overall, deals to move typically are beneficial to the tenants.”

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