While many of the region’s office market fundamentals saw a slight shift this quarter, the numbers along with the region’s continued popularity as a spot to live, play and work all contribute to a favorable outlook for South Florida’s performance throughout the second half of 2023. 

Last week, I called my contact in Tallahassee and confirmed that my interpretation was correct.

Christian Lee, Andrew Chilgren, Marcos Minaya and Sean Kelly of CBRE brokered the transaction on behalf of both the buyer and seller.

Max Pawk with CBRE represented The Agency in lease negotiations.

The space will be part of The Cordish Companies’ and Caesars Entertainment’s plan to deliver one of the largest developments to South Florida.

David Duckworth, a principal of Avison Young’s Fort Lauderdale office, said while there are predictions of nationwide commercial mortgage backed security defaults in the office sector, quality office buildings in South Florida continue to attract companies. At least for now.