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Miami Office Building Will Target Blockchain Tenants

Moishe Mana has been on a multiyear buying spree in Miami, having accumulated some $300M of real estate in downtown, plus more holdings in Allapattah and Wynwood. Barely a month goes by without headlines that he has acquired another building or property. The latest news: He's launched leasing on six floors at 100 East Flagler St., and is specifically targeting blockchain companies.

100 East Flagler in downtown Miami
100 East Flagler in downtown Miami

Mana is working with his longtime partner, Colliers International South Florida Executive Vice President Mika Mattingly, as the exclusive leasing agent. They intend to call 100 Flagler "The Block Building." Rents are slated to range from $20 to $24 PSF, though prices could be adjusted for tech companies on a case-by-case basis.

"Moishe wants to bring the best and the brightest in tech to help create a culture of innovation and entrepreneurship in downtown Miami," Mattingly said. "It is all about critical mass. The space, with soaring ceilings, expansive windows and panoramic views of downtown, will be a winner with these type of tenants."

Outsiders may not think of Miami as a tech capital, but the nonprofit Computing Technology Industry Association calculated that South Florida's three counties are home to 8,167 technology businesses — the 12th-most in the country. The city ranks first in terms of percentage of commercial real estate dedicated to coworking. A blockchain conference, Blockchain Shift,  is set to take place in Miami this week. 

For more info about Miami's office market, check out Bisnow's State of Office event Oct. 18.