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South Florida Office Market Update

Top Projects and Meeting Tenant Demands & Design

Event Ended On: Thursday October 24 2019

Registration Questions? **Please note we have pricing tiers based on ticket availability. Ticket prices will increase once we sell out of the current pricing tier. We cannot redeem a lower price once the ticket prices have been raised. **Bisnow is a cashless, checkless operation. Please only submit payment via credit card.

Event Host

Events Raw Space

Southeast Financial Center

A Skyline Icon - Southeast Financial Center, Miami’s tallest, and largest office tower is the world-recognized image of this dynamic city. Designed by the legendary architectural team of Skidmore Owings and Merrill, its timeless profile is testament to the enduring quality of this classic design- standing tall at 55 stories and approximately 1.2 million square feet.

Speakers

The Evolution of Workplace Design

Marc Gitto
Wynwood Annex, 100 Biscayne Boulevard

Marc Gitto

Director, East End Capital
Michael Harris

Michael Harris

Associate Vice President, CallisonRTKL
Mukang Cho
301 Yamato Road, 205 Datura Street

Mukang Cho

CEO, Morning Calm Management
Sandor Scher
Corporate Offices Brightline

Sandor Scher

Owner, Ocean Terrace Holdings, Principal, Claro Development

Changing Tenant Needs

Peggy Hogan Marker
Moderator

Peggy Hogan Marker

President, Marker Construction
Dan Hemme

Dan Hemme

Facilities Manager, Eastern United States and Canada, Lime
James Fox

James Fox

Founder and President, Maddox Group Inc.

Investment, Development and Leasing of Office

Charles Russo
Waterford at Blue Lagoon, 701/801 Brickell Avenue

Charles Russo

Southeast Regional Head, Office, Nuveen Real Estate
Kyle Jones
Miami Central II/III, Las Olas City Center, Sawgrass International Corporate Park

Kyle Jones

Senior Managing Director, Stiles
Alex Zylberglait
Moderator

Alex Zylberglait

Senior Managing Director Investments, Marcus & Millichap

Keynote Presentation

Eric Groffman

Eric Groffman

Exec. VP, JLL

Agenda

Time Activity
Thursday, October 24
8:00 AM
9:00 AM
Coffee, Breakfast & Networking
9:00 AM
9:45 AM
The Evolution of Workplace Design
9:45 AM
10:30 AM
Tenants: Miami's Entrepreneurial Ecosystem & Changing Needs
10:30 AM
11:15 AM
Landlords: Investment, Development and Leasing of Office
11:15 AM
11:45 AM
More Networking & Deal Making

Venue/Parking

Southeast Financial Center
200 S. Biscayne Blvd. 26th floor
Miami, FL 33131

Parking Information:
Parking at Venue: $20 Flat Rate with validation sticker

Get Directions

Event Summary

In today's competitive and fast-paced business climate, creating effective workplaces is essential to attracting and retaining top talent. Innovative companies

are creating places for their employees to achieve deep focus and privacy, while optimizing in-between times for collaboration, community and play.

Millennials are in especially high demand. They are the largest of the five

generations of workers currently in the workforce at 68.2 million workers and the most technologically advanced. Ken McCarthy, chief economist at Cushman & Wakefield says "They are the best-educated generation in history. That's why everyone wants to hire them." Developers must keep in mind amenities that keep this group happy: greenery, natural light, collaborative spaces and large windows that improve workforce productivity.

South Florida’s growing tech startup ecosystem and expanding coworking sector are attracting a new tenant base to Miami. The office market is healthy, as indicated by positive construction and absorption growth from prior years. In Q1 2019, co-working operators like Spaces and WeWork were the primary drivers of leasing activity, followed closely by real estate, financial and legal services tenants. In Miami, new office construction is concentrated in Brickell, Wynwood, Coral Gables and Coconut Grove, and is scheduled to increase inventory by 490,000 SQ FT in 2019. RedSky Capital recently delivered CUBE Wynwd, a Class A office building, and Graham Companies completed Crescent Point, a mixed-use office and retail building in Miami Lakes Town Center. Both were about 37% leased upon delivery.

As companies in high-growth industries strive to recruit top talent, their demands for the workplace and their employees are evolving. Find out what developers and landlords are offering in terms of economic and amenity-driven incentives in order to retain these tenants, who have a higher lease turnover rate than traditionally stable tenants in finance, insurance or real estate sectors. South Florida

Office Market At a Glance: (per NGKF report)

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Total Q2 2019 net absorption: 185,799 sq. ft. - Overall vacancy rate: 11.2% (down from 11.3% last quarter) - Average asking rent: $33.73/sq. ft.



For questions, recommendations, comments, or press inquiries please email Katya, our

Southeast event producer,

katya.demina@bisnow.com.



  1. Workforce Retention: Businesses have to do just about anything to scale and attract the best talent. That means moving from space to space in order to meet tenant demands. What amenities and services are keeping them happy?
  2. As tenants opt for shorter-term leases, what is the office leasing outlook for the next 2, 5 and 10 years?
  3. How is South Florida's growing tech startup ecosystem and expanding co-working sector driving office growth? What tenants are moving in and how will it affect TOD in Miami?
  4. How do high-growth industries like technology and media differ in their real estate needs than traditionally stable (long term) clients like finance, insurance and real estate businesses?
  5. What is tenant experience and why should it be added to the CRE tech market landscape? How is real estate shifting into a user experience business?