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"Real Estate transactions during the initial days of the pandemic was in a state of uncertainty. Whether deals would close were as unpredictable as the spread of the virus itself," said attorney Stevan Pardo.
The sale of the 259,458-SF Pinnacle Corporate Park represents the highest price per-square-foot sale within the Cypress Creek submarket in the past decade.
It is so important for lawyers to have more expertise in real estate development to help clients during this post-pandemic, real estate grab and bag environment.
"I expect we'll see some announcements in the next few months of tenants leaving Brickell and downtown to go to Wynwood," Colliers International Executive Managing Director Stephen Rutchik said.
A recent JLL report found 30% of all office space will be consumed flexibly by 2030, as a result of flexible lease terms and uncertainty caused by the pandemic.