Miami office boom is pushing deeper into posh residential areas

FINANCIAL and technology firms settling in Miami are boosting the office market in the sunny South Florida city at a time when buildings across the United States are struggling.

Leasing is surging, pushing up rents. And demand is spreading from core business districts such as Downtown and Brickell – where Apollo Global Management Inc and Blackstone Inc have taken space – to residential areas where Wall Street and Silicon Valley executives scooped up multimillion-dollar homes during the pandemic.