Downtown and Brickell Class A Office_Skyline Report Jan 2024

BEYOND THE Skyline

Vacant

Sublease

Leased

A COMPREHENSIVE REPORT OF DOWNTOWN/BRICKELL CBD CLASS A OFFICE

2024 cushwakesouthfl.com @CushWakeSouthFL

JAN

BRICKELL CLASS A OFFICE SKYLINE REPORT

Vacant

Sublease

Leased

801 Brickell Nuveen Real Estate

Brickell Arch GAEDEKE Group

Three Brickell City Centre (Akerman) Northwood Investors / SWIRE

Brickell World Plaza Foram Group (Elm Spring)

701 Brickell Nuveen Real Estate

27-28

STACKING PLAN BUILDING STATISTICS Rentable Area: Available: Occupancy: Availability Rate: Sublease: Asking Rates: Operating Exp: Avg Floor Plates: Parking Ratio / Cost: Year Built: 1,970 10,828 16-36 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 3,648 3,352 Retail 4,092 Retail Hotel 1,497 1,753 6,059 2,643 2,925 4,474 6,204 3,071 1,753

26

28-33

32-40

25

2,319

22,120

27

12,132

31 30 29 28

24

26

Mechanical

23

2,539

4,816

25

22

6,816

24

6,802

17-21

23

27 26 25 24-23 22 21 20

16

4,403

22

10,977

14,588

15

12

12,195

21

3,923

14

17,900

11

20

2,546

2,850

12-13

10

16-19

12,522

11

17,900

9

15

10

17,472

8

14

5,821

2,865

9

6,627

12,643

19 18 17 16

13

7 6

7-8

2,077

2,986

12

10,528

6

5

9-11

2,613

Garage Garage Garage Garage

5

5,103

4 3

8

6,357

Mechanical

3-4

3-7

15 2-14 1

2,200 Retail

10,327

2

2

2

7,400 Retail

8,764 Office Bay Suite

3,000

1

1

1

268,000

134,542

685,215

415,150

655,394

Rentable Area:

Rentable Area:

Rentable Area:

Rentable Area:

60,152

17,742

86,423

69,032

80,677

Available:

Available:

Available:

Available:

77.6%

86.8%

87.4%

83.4%

87.7%

Occupancy:

Occupancy:

Occupancy:

Occupancy:

22.4%

13.2%

12.6%

16.6%

12.3%

Availability Rate:

Availability Rate:

Availability Rate:

Availability Rate:

14,419

17,472

0

4,403

5,478

Sublease:

Sublease:

Sublease:

Sublease:

$80.00 - $92.50 Full Service

$140.00 - $170.00 Full Service

$100.00-$120.00 Full Service

$95.00 - $120.00 Full Service

Negotiable

Asking Rates:

Asking Rates:

Asking Rates:

Asking Rates:

Negotiable

Operating Exp:

$24.72

$20.83

$21.74

$21.00

Operating Exp:

Operating Exp:

Operating Exp:

17,473

Avg Floor Plates:

20,000

20,764

17,900

16,385

Avg Floor Plates:

Avg Floor Plates:

Avg Floor Plates:

2/1,000 @$175- $225

Parking Ratio / Cost:

1.9/1000 @ $125 - $180

1.43/1000 @ $110 - $225

1.46/1000 @ $125- $175

3.84/1000 @$125

Parking Ratio / Cost:

Parking Ratio / Cost:

Parking Ratio / Cost:

2004

2016

Year Built:

1985

1985

2011

Year Built:

Year Built:

Year Built:

Northwood Investors LLC

GAEDEKE Group

Ownership:

Ownership:

Monarch Alternative Capital LP

Foram Group(Elm Springs)

Nuveen Real Estate

Ownership:

Ownership:

Ownership:

10,828

Largest Contiguous:

17,472

22,120

Largest Contiguous:

Largest Contiguous:

14,588

Largest Contiguous:

17,900

Largest Contiguous:

BRICKELL CLASS A OFFICE SKYLINE REPORT

Vacant

Sublease

Leased

1111 Brickell (formerly Sabadell Financial Center) KKR

1450 Brickell Rilea Group

Brickell Bay Office Tower AIMCO

Four Seasons Hotel & Tower Office Millenium Partners & Jamestown Properties

30 29

STACKING PLAN BUILDING STATISTICS Rentable Area: Available: Occupancy: Availability Rate: Sublease: Asking Rates: Operating Exp: Avg Floor Plates: Parking Ratio / Cost: Year Built: 15,352 2,934 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 2-9 1 1,549 Retail Garage 1,800 2,265 2,389 24,847 12,408 5,426 7,921 2,924 1,492 5,760

31-35

30

29

22

28

21

Residential Condo

27

4,000

28-70

3,080

3,073

20

Hotel

26

18-27

19

21-25

17

18

32

1,092

20

16

17 16

31

5,831

838

9,145

19

15

16,319

30

5,000

4,463 944 1,312

18

15

14

29

2,480

17

14

13

12,441

28

16

13 12

12

400

400 400 400 400

27

8-15

1,718

1,963

1,406 2,485

11

24,153

20,663 20,663

2,400

11

26

6-7

10 8-9

Garage

6,450

10

25

5

2,472

Garage Hotel/Other/Parking

Garage

9

24

4-7

2-4

Retail

Garage

Garage

Garage

1-8

23

1-3

1

260,517

297,145

626,750

Rentable Area:

Rentable Area:

Rentable Area:

Garage

11,545

93,924

10,450

Available:

Available:

Available:

2,155 Retail

696 Retail

1,950 Retail

95.6%

68.4%

98.3%

Occupancy:

Occupancy:

Occupancy:

529,468

4.4%

31.6%

1.7%

Availability Rate:

Availability Rate:

Availability Rate:

132,340

0

12,552

0

Sublease:

Sublease:

Sublease:

75.0%

$93.00 - $110.00 Full Service

$95.00 Full Service

$57.00 - $65.00 Full Service

Asking Rates:

Asking Rates:

Asking Rates:

25.0%

$16.50

$17.36

Operating Exp:

Operating Exp:

$15.00

Operating Exp:

27,997

21,442

20,663

Avg Floor Plates:

Avg Floor Plates:

$95.00 - $105.00 Full Service

25,000

Avg Floor Plates:

2/1000 @ 194.57 - $360.50

3.0/1000 @ $110 - $155

Parking Ratio / Cost:

Parking Ratio / Cost:

1.04/1000 @ $160 - $225

Parking Ratio / Cost:

$19.35

1985

Year Built:

2003

Year Built:

2010

Year Built:

21,200

AIMCO

Ownership:

Millennium Partners Management

Ownership:

Rilea Group, Inc.

Ownership:

2.08/1000 @ $165

41,326

Largest Contiguous:

9,145

6,450

Largest Contiguous:

Largest Contiguous:

2000

KKR

Ownership:

37,255

Largest Contiguous:

BRICKELL CLASS A OFFICE SKYLINE REPORT

Vacant

Sublease

Leased

Brickell Key Centre I Azora Exan

Brickell Key Centre II Azora Exan

Two Brickell City Centre Northwood Investors / SWIRE

1221 Brickell Citadel

STACKING PLAN BUILDING STATISTICS Rentable Area: Available: Occupancy: Availability Rate: Sublease: Asking Rates: Operating Exp: Avg Floor Plates: Parking Ratio / Cost: Year Built: Ownership: Largest Contiguous: 21,202 8,495 3,798 8,647 6,530 7 6 5 4 3 2 1

27

26

13

16,057

25

12

5,619

12

12

3,573

4,205

24

18,192

11

11

11

23

9,012

1,886

10

10

3,258

5,720

10

22

17,506

9

3,251

9

9

21

21,398

8

8

5,854

20

8

7

7

3,650

19

7 6

6

3,551

2,713

3,985

6

18

5

2,810

4,364 3,871

1,653

Garage Garage Garage Garage Garage

5,420

5

5

17

4

4,898 7,884

4,448

Parking Parking Parking Parking

7,643 7,643

4

16

4 3

3

3,964

3,967

15

3

2

2

3,166

2,101

14

2

10,000 Retail

1,686 Retail

1,685 Retail

2,294 Retail

1

1

13

1

222,469

135,937

408,423

120,531

Rentable Area:

Rentable Area:

Rentable Area:

112,967

0

84,654

48,671

Available:

Available:

Available:

49.2%

100.0%

79.3%

59.6%

Occupancy:

Occupancy:

Occupancy:

50.8%

0.0%

20.7%

40.4%

Availability Rate:

Availability Rate:

Availability Rate:

3,251

0

11,488

0

Sublease:

Sublease:

Sublease:

$90.00 - $100.00 Full Service

$90.00 - $115.00 Full Service

Fully Leased

$80.00-$90.00 Full Service

Asking Rates:

Asking Rates:

Asking Rates:

Fully Leased

$17.78

Operating Exp:

Operating Exp:

$21.14

$20.14

Operating Exp:

16,926

16,500

Avg Floor Plates:

Avg Floor Plates:

18,539

17,218

Avg Floor Plates:

2/1000 $175 - $225

2.27/1000 $115

Parking Ratio / Cost:

Parking Ratio / Cost:

3.0/1000 @ $110

2.6/1000 @ $110

Parking Ratio / Cost:

1986 / 2021

Year Built:

1989 / 2013

2015

1986/2013

Year Built:

Year Built:

Citadel

Ownership:

Northwood Investros

Azora Exan, LLC

Azora Exan, LLC

Ownership:

Ownership:

64,601

Largest Contiguous:

21,202

16,057

Largest Contiguous:

0

Largest Contiguous:

BRICKELL CLASS A (UC) OFFICE SKYLINE REPORT Under Construction - 2023 Delivery

Vacant

Sublease

Leased

Under Construction - 2025 Delivery

Restaurant Rooftop Bar

65

57

64

56

63

55

62

54

61

53

59

STACKING PLAN BUILDING STATISTICS 52 51 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 16-26 15 14 3-13

58

50-57

49

48

47

46

45

44

18,153

43

42

41

1 Southside Park JDS Development Group

830 Brickell OKO Group (Developer)

31-40

24-30

28,571

23

638,355

200,000

Rentable Area:

Rentable Area

28,571

22

54,129

200,000

Available:

Available

28,571

21

91.5%

0.0%

Occupancy:

Occupancy

28,571

20

8.5%

100.0%

Availability Rate:

Availability Rate

28,571

19

27,478

0

Sublease:

Sublease

28,571

18

$200.00 Full Service

N/A Full Service

Asking Rates

Asking Rates:

28,574

17

N/A

Operating Exp

$20.00

Operating Exp:

11-16

28,571

Avg Floor Plates

18,000

Avg Floor Plates:

Mechanical Sky Lobby

10

2.0/1000

Parking Ratio / Cost

2.0/1000

Parking Ratio / Cost:

9

2025

Year Built

2023

Year Built:

8

JDS Development Group

Ownership

OKO Group

Ownership:

7

18,153

Largest Contiguous:

200,000

Largest Contiguous

6

14,353

5

13,125

4

3

Garage

2,779 Retail 5,719 Retail

2

2

1

1

DOWNTOWN CLASS A OFFICE SKYLINE REPORT

Vacant

Sublease

Leased

Southeast Financial Center - ANNEX Ponte Gadea

Southeast Financial Center Ponte Gadea

Wells Fargo Center MetLife

STACKING PLAN BUILDING STATISTICS 7,629 15,882 5,448 21,995 25 24 22-23 21 20 19 18 17 15-19 11-14 9-10 8 7 6 5 4 3 2 1 13,231 22,567 4,133 Retail 1,322 Retail 834 Retail 22,861

47

38-46

37

4,138

45-55

36

44

11,291

15

35

Garage Garage Garage Garage Garage Garage Garage Garage Garage Garage Garage Garage

1,867

6,482

43

14

32-34

38-42

13

13,121

31

10,342

17,413

37

12

6,080

30

36

11

29

5,650

18,183

3,292

35

12

28

34

9

27

1,569

3,851

33

8

26

32

7

4,419 4,216

25

22,148

31

6

22-24

30

5

21

2,389 6,775

29

4

5,829

20

5,396

9,414

28

3

5,257

3,283

19

11,781

51,048

27

Other Garage

2

6-18

Retail

26

1

1-5

1,225,000

Rentable Area:

Rentable Area: Available:

752,845

Rentable Area:

217,211

51,048

Available:

86,308

Available:

82.3%

Occupancy:

Occupancy: Availability Rate: Sublease: Asking Rates: Operating Exp: Avg Floor Plates: Parking Ratio / Cost: Year Built: Ownership: Largest Contiguous:

88.5%

Occupancy:

17.7%

Availability Rate:

11.5%

Availability Rate:

9,774

Sublease:

16,422

Sublease:

Asking Rates: Operating Exp: Avg Floor Plates:

$55.00 - $75.00 Full Service

Asking Rates:

$19.09

Operating Exp:

22,273

27,500

Avg Floor Plates:

1.0/1000 @ $190- $290

Parking Ratio / Cost:

2/1000 @ $194 - $282

Parking Ratio / Cost:

1984 / 2020

Year Built:

Ponte Gadea

2010

Ownership:

Year Built:

22,861

51,048

MetLife

Largest Contiguous:

Ownership:

23,833

Largest Contiguous:

DOWNTOWN CLASS A OFFICE SKYLINE REPORT

Vacant

Sublease

Leased

Miami Tower CP Group (formerly Crocker Partners) & DRA Advisors

Citigroup Center Crocker Partners & Monarch (90% stake)

STACKING PLAN BUILDING STATISTICS 2,094 2,813 1,248 2,949 5,301 2,513 3,826 18 17 16 15 14 13 12 11 10 9 8 7 5-6 4 3 1-2 4,433

34

24,471

33

24,471

32

14,776

24,471

31

9,529

24,471

47

7,193

30

46

15,336

25-29

31-34

45

19,154

15,282

9,761

2,148

6,091

3,536 3,839

30

24 23

44

3,097 3,251

2,396 3,736 6,222

15,291

29

43

22

14,488 1,907 8,997 3,173

9,982

15,290

28

42

21

15,296

27

41

4,649

2,589

2,953

4,554

20

40

26

4,065

2,334

13-19

39

3,991

23-25

2,016

38

12 11

22

Sky Lobby

23,957

15,396

37

21

Garage Retail

2-10

24,471

36

3,335

24,471

20

3,500

2,726

1

35

2,945 4,522

4,859

19

627,152

Rentable Area:

822,000

Rentable Area:

183,276

Available:

292,754

Available:

70.8%

Occupancy:

64.4%

Occupancy:

29.2%

Availability Rate:

35.6%

Availability Rate:

0

Sublease:

9,216

Sublease:

$55.00 - $60.00

Asking Rates:

$58.00 - $62.00 Full Service

Asking Rates:

$17.53

Operating Exp:

$16.96

Operating Exp:

14,707

Avg Floor Plates:

24,471

Avg Floor Plates:

1.0/1000 @ $155

Parking Ratio / Cost:

1.0/1000 @ $140

Parking Ratio / Cost:

1987

Year Built:

1983 / 2020

Year Built:

CP Group

Ownership:

CP Group

Ownership:

100,455

Largest Contiguous:

156,520

Largest Contiguous:

DOWNTOWN CLASS A OFFICE SKYLINE REPORT

Vacant

Sublease

Leased

One Biscayne Tower CP Group (formerly Crocker Partners)

STACKING PLAN BUILDING STATISTICS 2,437 4,715 4,208 11,310 25 24 23 22 21 20 19 18 17 16 15 14 13 4-12 2-3 1 8,261 3,183 2,655 2,639

3,746 5,228 1,309

11,130

38

26,519

37

3,562

36

3,675

1,000 3,588

35

34

26,796

33

32

4,774

31

4,933

8,829

30

29

Garage

28

8,287 3,130

27

26

691,783

Rentable Area:

155,914

Available:

77.5%

Occupancy:

22.5%

Availability Rate:

18,776

Sublease:

$65.00 Full Service

Asking Rates:

$17.35

Operating Exp:

25,472

Avg Floor Plates:

1.5/1000 @ $138

Parking Ratio / Cost:

1972 / 2020

Year Built:

CP Group

Ownership:

26,796

Largest Contiguous:

BEYOND THE Skyline

Vacant

Sublease

Leased

For more information, please contact:

BRIAN GALE Vice Chairman Office Brokerage Services +1 305 371 4411 brian.gale@cushwake.com

ANDREW TRENCH Executive Managing Director Office Brokerage Services +1 305 371 4411 andrew.trench@cushwake.com JEANNETTE MENDOZA Senior Director Office Brokerage Services +1 305 267 8062 jeannette.mendoza@cushwake.com

RYAN HOLTZMAN Executive Managing Director Office Brokerage Services +1 305 371 4411 ryan.holtzman@cushwake.com LENA WEEKS Director Office Brokerage Services +1 786 792 5207 lena.weeks@cushwake.com

EDWARD QUINON Senior Director Office Brokerage Services +1 305 351 2459 edward.quinon@cushwake.com

CUSHMAN & WAKEFIELD OF FLORIDA, LLC 333 SE 2nd Ave. Suite 3900

Miami, FL 33131 T +1 305 371 4411 cushwakesouthfl.com |

@ CushWakeSouthFL

©2023 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.