Question of the Week: Why is now the right time for a Class-A office building in Miami Beach?

“The geography of employment is changing as companies are relocating to new metropolitan cities due to accelerating trends, such as a rebalancing of prices for housing and office space across metro areas,” Stabile explains. “The positive net migration of North Easterners to South Florida is spurred by tax benefits, lifestyle changes, and warmer temperatures. To capitalize on this trend and the underlying demand for ‘Class-A’ office space, developers are adding product to high-value locations throughout the U.S. For the first time in nearly a decade, the Miami Beach sub-market is diversifying its economy into a thriving mixed-use community with the delivery of several new world-class office developments. The urban oasis of Miami Beach offers patrons the distinct advantage of boutique buildings with high walkability scores and access to various around-the-clock services, including quality restaurants, renowned hotels, and retail. With this in mind, Integra Investment places value on delivering office product that support the latest trends in modern work life with the delivery of the Starwood Capital’s headquarters building at 2340 Collins Ave.”