Butler & Hosch becomes the 14th law firm to sign a lease at the property in the last 12 months. Southeast Financial Center’s legal tenant base comprises more than one fourth of the 1.23 million-square foot of the building.

As Cartwright sees it, the continued interest of professional service companies to take root within Miami points to a positive indicator for a South Florida economic recovery. And the trend of new to market deals is a reflection of both an improving economy and opportunities to capitalize on Miami's international importance.

“I expect that Miami's office market will continue to improve, but at a modest rate,” Cartwright says. “A lot of supply in the new buildings has been absorbed, particularly in the most desirable floors, but the amount of supply remaining still creates a tenant's market. Rental rates are definitely on the rise and concessions are decreasing compared to 2009 and 2010.”