A ballyhoo of excitement is resonating among South Florida real estate circles, business leaders and some public officials — mainly Miami Mayor Francis Suarez — over financial and technology firms zeroing in on the region.

Expansions by behemoths like Blackstone and Goldman Sachs come at a welcome time, nearly a year into the coronavirus pandemic that sent employees working from home indefinitely and raised questions over the vitality of office space.

But will financial and tech firms truly turn out to be the office savior they have been touted to be, or is this just overinflated hype? It depends on whom you ask. Most landlord brokers say this is the time South Florida has been waiting for and the market won't just rebound but prosper. Their chorus of excitement is deafening over a smaller group of mostly tenant brokers who disagree and say the fanfare is ignoring reality.

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Lidia Dinkova

Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.

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