The Blackstone Group has signed a long-term lease agreement in downtown Miami, strengthening its planned expansion in South Florida.
Blackstone announced in October that it would open an office in downtown Miami with more than 200 technical staff. New York’s largest private company will rent 41,000 feet at 2MiamiCentral, according to a media advertisement Blackstone has a temporary office at the Southeast Financial Center, officials said during a webinar in November.
Shorenstein Properties owns 2MiamiCentral and 3MiamiCentral, office buildings in mixed-use MiamiCentral development built by the parent of Brightline Florida East Coast Industries.
South Florida attracts the highest paid businesses and businesses in the country, a trend accelerated by the Covid-19 epidemic. Companies with remote employees in particular leave expensive office space and homes in places like California and New York City in less expensive ways in the region.
2 MiamiCentral now employs 98% with various employers, including Carlton Fields and Ernst & Young. Last month, The Related Group installed office plans and a tower to stay west of the Brightline station, a sign that engineers expect it to be close to mass traffic will attract businesses visiting the area.