Coral Gables Dominates Office Market

The busiest South Florida office market last year was Coral Gables, with 184k SF absorbed, besting Airport/Doral and Brickell at 140k SF and 126k SF, respectively, according to CBRE. Blanca Commercial Real Estate vice chairman Danet Linares tells us the market's poised for an equally busy 2015. Coral Gables has long been a popular business district, but it's even more desirable now, with domestic and multinational companies attracted to the market’s proximity to the airport, plentiful parking and walkability.

Recently the owner of the 205k SF BAC Colonnade, TA Realty, tapped Blanca to lease up the remaining 65k SF in the property, which is at 2333 Ponce de Leon Blvd. Danet says the building's already a desirable Class-A address, but ownership isn't leaving anything to chance, and will soon start on a series of upgrades, including a remodeling of the tower’s entrance lobby, as well as the addition of a fitness center and ground-floor café. Danet, along with colleagues Andres del Corral and Flavia Eternod will spearhead leasing and marketing efforts for the property.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's South Florida Newsletters
Related Stories

'It's A World Of Winners And Losers': New Edge CEO Plots Future In A Changed Office Reality

Kast Construction Names New CEO: The South Florida Deal Sheet

Broward Lures Office Tenants Away From Miami-Dade

ISIF Commits €100M To IPUT's €500M Office Development Pipeline

Gencom-Led Partnership Acquires InterContinental Hotel In Downtown Miami

South Florida's Leading Developers To Discuss Upcoming Projects And Market Growth

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age