Uber Expands Miami Footprint at 3 MiamiCentral
By Julia Echikson August 10, 2021 7:01 pm
reprints
Uber is the latest tech tenant making moves in Miami.
The ride-sharing giant signed a new lease for 13,000 square feet at 3 MiamiCentral to accommodate as many as 70 employees, expanding its existing footprint in the city, the Miami Herald first reported.
The tech company will vacate its current 9,333-square-foot office in Brickell City Tower and move into its new office in January 2022, said a spokesperson for Blackstone (BX), which owns the MiamiCentral office complex. (The representative declined to divulge the lease’s length and the building’s asking rent.)
“The location is a natural fit,” Uber’s senior public affairs manager, Javier Correoso, said in prepared remarks.
Situated at 161 NW 6 Street in the city’s downtown district, MiamiCentral holds two office buildings, totaling 300,000 square feet. The development is connected to the MiamiCentral station, which houses the Brightline regional rail line as well as countywide lines, such as Metrorail and Metromover. Unlike in most cities, customers in Miami can book trips on those lines through Uber’s app, Correoso explained.
MiamiCentral’s profile has grown over the past year. Blackstone signed 41,000 square feet there in January 2021, then purchased the complex shortly after for $230 million, marking the firm’s first real estate investment in the city. Other tenants include ViacomCBS and Ernst & Young.
“Uber’s expansion into Downtown Miami is yet another example of how the region’s rapidly growing tech scene is real and here to stay,” said JLL’s Alan Kleber, who represented the tech company.
Attracted by Miami Mayor Francis Suarez’s pro-business agenda, the state’s low taxes, year-round sunshine, the country’s premier tech and financial firms have signed leases in the city. Just last week, private equity giant Apollo Global Management signed a sublease at Wells Fargo Center in Miami as it searches for a permanent home.
Earlier this year, hedge fund Point72 Asset Management settled into Nuveen Real Estate’s 701 Brickell, while Silicon Valley firms Founders Fund and Atomic took spaces in The Related Group’s Wynwood Annex.
Blackstone’s Scott Silverstein represented the landlord in-house, along with Tere Blanca, Danet Linares and Andres del Corral of brokerage Blanca Commercial Real Estate.
Julia Echikson can be reached at jechikson@commercialobserver.com.
