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2Q22 Brickell Office Market Report

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Major Players Continue to Bet on Brickell

Brickell’s strong luxury market with enhanced building spaces in a highly urban setting continues to attract top-tier companies. With the quality of space and tenant demand rising, Class A rental rates have increased 18.7 percent year-over-year to $82.96 per square foot. Furthermore, the robust leasing at 830 Brickell has been a major contributor to rising rates, asking as high as $150 per square foot. With 830 Brickell being the first building under construction since 2015, it is capturing a lot of new-to-market tenants like A-CAP and Citadel, while also building its new Miami headquarters. Meanwhile, well-established trophy assets are securing existing tenants with renewals, and often expansions as businesses grow, like MasterCard at 801 Brickell and Kaseya at 777 and 800 Brickell. The increased demand has pushed vacancy rates down to 9.7 percent, lower than pre-pandemic levels.

Brickell Office 22Q2

2Q22 Brickell Office Market Report

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Verity Mosquera

Research and Consulting Manager

Fort Lauderdale

As Research and Consulting Manager in the South Florida market, I apply my experience in analytics, leadership and international business to monitor the global economy and make projections that help guide our brokers and clients in strategic decision making. My expertise in both leasing and investment sales ranges across multiple asset types including retail, industrial, office and multifamily.  

Prior to joining Colliers, I worked for The Washington Economics Group, Inc., where I led a team of eight economists as Manager of Client Services to prepare detailed economic impact analyses of a number of high-profile transportation and real estate projects in South Florida, including SkyRise Miami and All Aboard Florida. Other notable South Florida clients that I have worked with include Tate Capital, Odebrecht, Miami-Dade Expressway Authority and the International Speedway Corporation. Prior to moving to the United States in 2011, I graduated from law school and was a data analyst for Equity Insurance in Brentwood, UK.

I am active in the commercial real estate community through multiple organizations and committed to strengthening the participation of young leaders in the real estate sector through my current role as Co-Chair of the Urban Land Institute’s Young Leadership Group.

I also have a strong passion for teaching and mentoring students to help prepare them for careers in commercial real estate. I served as an adjunct professor for Miami Dade College School of Business teaching Principles of Management to undergraduate students pursuing their Bachelor’s degree in Business Administration and have recently served as a guest lecturer at Florida International University’s Tibor and Hollo School of Real Estate teaching market research skills to graduate students in the Masters in Science in International Real Estate (MSIRE) program. 

While earning my MBA at St. Thomas University, I served as president of Future Business Leaders of America - Phi Beta Lambda and spoke numerously on business and women career issues. St. Thomas University awarded me with the Outstanding Graduate Award and the Women in Leadership Award in recognition of these efforts.

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