{"id":1004650002,"date":"2023-03-07T23:20:35","date_gmt":"2023-03-08T07:20:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004650002"},"modified":"2023-03-09T04:22:01","modified_gmt":"2023-03-09T12:22:01","slug":"metropolitan-life-inks-101-ksf-in-miami","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/metropolitan-life-inks-101-ksf-in-miami\/","title":{"rendered":"Metropolitan Life Inks 101 KSF in Miami"},"content":{"rendered":"
\"Wells<\/a>

Wells Fargo Center. Image courtesy of Cushman & Wakefield<\/em><\/p><\/div>\n

IT and security management software company Kaseya<\/strong> has signed a 101,000-square-foot lease at Metropolitan Life Insurance Co<\/strong>.\u2019s Wells Fargo Center building in downtown Miami. Cushman & Wakefield <\/strong>brokered the lease agreement on behalf of both parties.<\/p>\n

The tenant has already initiated the move-in process at the office tower. This lease marks Kaseya\u2019s fourth office location within metro Miami. Last year, the company signed a 42,872-square-foot lease at 800 Brickell<\/a>, Gatsby Florida’s Class A property within the financial district.<\/p>\n

According to CommercialEdge data, Kaseya joins Wells Fargo Center’s existing tenant roster that comprises Cushman & Wakefield, Apollo Global Management, StomatCare, Moto Capital Group, Deloitte and PwC. The 47-story office tower is LEED Gold & Energy Star certified and features telecommunication systems with fiber optic capabilities, a tenant lounge, a fitness center and on-site dining.<\/p>\n

\n

READ ALSO<\/strong>: Office Sector Faces Increased Risk of Distressed Activity<\/a><\/p>\n

\n

Located at 333 SE 2nd Ave. in downtown Miami\u2019s Enterprise Zone, the 752,488-square-foot office building was completed in 2010. The property is accessible via Interstate 95, the Metro Mover and the Metrorail.<\/p>\n

Cushman & Wakefield Executive Directors Ryan Holtzman and Andrew Trench, along with Senior Director Eddie Quinon and Vice Chair Brian Gale represented Metropolitan Life in the lease signing, while Vice Chair Tony Jones acted on behalf of the tenant.<\/p>\n

Tenants flock to Class A space<\/h2>\n

Kaseya\u2019s lease is further evidence of the flight to quality trend<\/a> persisting in the office market, as businesses actively seek out Class A buildings that provide ample amenities and the assurance of institutional ownership, said Holtzman in a prepared statement.<\/p>\n

According to a Cushman & Wakefield report, Miami\u2019s office market experienced stable demand, as evidenced by the positive net absorption of 199,000 square feet of space during the fourth quarter of last year. Marking the best annual performance since 2018, in 2022 Miami’s office market absorbed 601,000 square feet of space.<\/p>\n

The same source reveals that the leasing activity in Miami in 2022 amounted to 3.5 million square feet, with 30.2 percent of leases signed within the Brickell submarket. New deals, relocations or expansions within the market accounted for 90 percent of total leasing activity.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tech firm Kaseya committed to its fourth location within the metro. <\/p>\n","protected":false},"author":3030,"featured_media":1004650006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1492,21742,21747],"tags":[32799,35073],"class_list":["post-1004650002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-miami","category-latest","category-office","tag-cushman-wakefield","tag-metropolitan-life-insurance-company"],"acf":[],"yoast_head":"\nMetropolitan Life Inks 101 KSF in Miami - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Kaseya has expanded its Miami footprint with a 101,000-square-foot lease at Wells Fargo Center in the city's downtown.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/metropolitan-life-inks-101-ksf-in-miami\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Metropolitan Life Inks 101 KSF in Miami\" \/>\n<meta property=\"og:description\" content=\"Kaseya has expanded its Miami footprint with a 101,000-square-foot lease at Wells Fargo Center in the city's downtown.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/metropolitan-life-inks-101-ksf-in-miami\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-08T07:20:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-09T12:22:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Wells-Fargo-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"899\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Raluca Toma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/metropolitan-life-inks-101-ksf-in-miami\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/metropolitan-life-inks-101-ksf-in-miami\/\",\"name\":\"Metropolitan Life Inks 101 KSF in Miami - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/metropolitan-life-inks-101-ksf-in-miami\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/metropolitan-life-inks-101-ksf-in-miami\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Wells-Fargo-Center.jpg\",\"datePublished\":\"2023-03-08T07:20:35+00:00\",\"dateModified\":\"2023-03-09T12:22:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e908d9381f3929d1d57f95e4db8c529\"},\"description\":\"Kaseya has expanded its Miami footprint with a 101,000-square-foot lease at Wells Fargo Center in the city's downtown.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/metropolitan-life-inks-101-ksf-in-miami\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/metropolitan-life-inks-101-ksf-in-miami\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/metropolitan-life-inks-101-ksf-in-miami\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Wells-Fargo-Center.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Wells-Fargo-Center.jpg\",\"width\":1200,\"height\":899,\"caption\":\"Wells Fargo Center. 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