Microsoft Officially Announces Move to 50,000 Square Foot Space in Brickell
As more tech companies and their execs flock to Miami, another quintessential name is making a surprising move to Brickell.
Microsoft Corporation has recently signed a lease for a 50,000 square foot space in the Brickell Financial District. The property located at 830 Brickell is centrally located in Downtown Miami near the 500,000 square feet of open-air luxury shopping and close proximity to iconic residential towers.
Microsoft's official headquarters is located in Redmond, Washington and this new location will move its Latin America Team and make the Brickell location their regional hub.
In a press conference to announce their new location, Microsoft's Vice President of Sales, Marketing, and Operations; Mariana Castro, announced that this team will be supporting other Microsoft businesses.
Castro also stated that they look forward to the opportunity to be a part of a rapidly expanding city and they look forward to growing with Miami.
The commercial building at 830 Brickell rises 55 stories and offers 640,000 square feet of commercial rental space. The building was designed by Adrian Smith + Gordon Gill and developed by Oko Group and Cain International.
The building is currently under construction and the anticipated completion date is scheduled for 2022. This building is Brickell's first new office building to be built in over 10 years.
Other tenants in the building include a private equity firm, managed by Thomas Bravo, who leased a 36,000+ square foot space in January 2021.
Microsoft will join giants like Live Nation, Spotify, Boston Private, and Uber in Miami in this new wave of businesses moving to South Florida. With this massive transition for Microsoft, we can only expect this announcement will push other companies into taking a closer look at Miami as home.
What’s the formula or factors that’s attracting businesses to move to Miami? In the article it stated regional offices for Latin America as one reason. These are satellite offices UBER, Live Nation etc not HQ, correct?
Factors include lower taxes and less strict covid regulations. Those are satellite offices as of right now.