Miami Beach office signs first tenant


Rents are expected to reach US$170 a square foot. — Bloomberg

MIAMI: New York-based hedge fund J. Goldman and Co signed a lease at a new Miami Beach office building that’s seeking some of the highest rents ever seen in the market.J. Goldman agreed to take roughly 10,000 sq ft of space at the Fifth Miami Beach, according to a person familiar with the deal.

It’s the first lease signed at the property, where rents are expected to reach US$170 a square foot, the person said, asking not to be identified citing private matters.

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