Brevan Howard, Amcor take Miami offices as newcomers keep landing
Three leases, three submarkets, three different landlords. The Miami office bid is not coming from one place.
European hedge fund Brevan Howard has taken office space in Coconut Grove, packaging manufacturer Amcor has taken 33,800 sq ft at Southeast Financial Center, and Quadel has taken 13,500 sq ft at the Security Building. For owners underwriting Miami office, the useful detail is that the three leases sit with three different landlords in two submarkets.
Why it matters
Miami’s office story has been told mostly through financial-sector relocations into Brickell trophy product. These three leases complicate that in a way that favors owners of non-trophy assets. A packaging manufacturer taking 33,800 sq ft downtown is a different tenant profile from a hedge fund taking 7,000 sq ft in the Grove, and it suggests the bid has broadened past the finance migration that drove the last cycle.
The submarket spread matters as much as the tenant mix. Coconut Grove and downtown absorbing simultaneously, under separate ownership, is the pattern that supports rent growth across a market rather than in one repositioned building.
The numbers
Brevan Howard took nearly 7,000 sq ft on the third floor of 2850 Tigertail Avenue in Coconut Grove, a Related Group asset. The lease was signed in April 2026. JLL’s Daniel Posy and Ryan Levy represented the tenant, with Cushman & Wakefield’s Andrew Trench for the landlord, who declined to provide financial terms.
Amcor took 33,800 sq ft at 200 South Biscayne Boulevard, the Southeast Financial Center, owned by Ponte Gadea, the investment firm of Zara founder Amancio Ortega. Quadel took 13,500 sq ft at 117 Northeast First Avenue, the Security Building, owned by Fuse Group. Blanca Commercial Real Estate brokered both downtown deals. Asking rents were not disclosed on any of the three.
What’s next
The signing dates are worth noting: the Brevan Howard lease dates to April, so this is a reporting catch-up rather than a single week of activity. Track whether downtown’s absorption holds through the third quarter, and whether it reaches asking rents that justify new starts. Miami leasing coverage runs on our South Florida hub.