31-JSilva_071921_2462.jpg

Aventura

& The Miami Movement

State of the Market | November 2021

Prepared for
Logo-White-e1548970585306.png
JSRE-logo1.png
Presented by

Stephen Rutchik

Executive Managing Director

stephen.rutchik@colliers.com

Jonathan Kigsley

Executive Managing Director

jonathan.kingsley@colliers.com

Colliers Logo for Web.png
ellipse.png

The Aventura Office Market

In 2020 and 2021, asset management, private equity firms, and real estate investment companies expressed a high level of interest as Miami-Dade evolves its position as a global finance and tech hub.

 

Companies like Kawa Capital, WM Partners, and Aurele Properties committed to leases in Aventura, along with Safra National Bank leasing 15,321 square feet and Cardone Ventures leasing 11,007 square feet.

44

2.6M

Existing buildings

SF with Class A assets

Major tenants in Class A office space in Aventura

Morgan Stanley (43,650 SF)

Biorasi (37,000 SF)

UBS Financial Services (20,000 SF)

Premier Workspaces (19,410 SF)

Bank Leumi USA (18,861 SF).

Aventura submarket
Class A Office Fundamentals

Building 2.png
Office 2.jpg
Top of Market Comps

1

Safra Bank Lease Comps

2

Miami-Dade Top Comps

3

Aventura Top Comps

Edgewater.jpeg

South Florida
Insights

Since 2020 over 1.3 million square feet of leases in South Florida were signed by new-to-market companies and there is an additional one million square feet of new-to-market requirements touring the South Florida market.