downtown Archives - Rava Realty

Record High Availability in the Manhattan Office Market

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Record High Availability in the Manhattan Office Market

The Manhattan office market had another tough month in April. A new report reveals that a record 94 million square feet of office space was available last month, while only 1.5 million square feet were leased in the period, significantly below the monthly average from the past three years. The report also shows that availability rates continue to rise, with Midtown South and Downtown experiencing a decline in leasing volume.

Despite this, Midtown had a slight increase in leasing volume, but it ...

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Downtown Miami Metrocenter Details Released

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Miami-Dade County opened the bidding process for a massive 23.7 million square foot Downtown Miami development project called Metrocenter.

One of the main priorities in evaluating bids will be whether the proposals are of world-class urban design, including excellence in architecture, walkability, and if they are transit-oriented (Metrorail, Metromover, Brightline and others are either at or adjacent to the properties). The county will also evaluate whether proposals are of the highest and ...

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Downtown Miami gets influx of firms, boosting apartment rental prices

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Downtown Miami gets influx of firms, boosting apartment rental prices

The downtown Miami office market continued to expand over the past year, despite the pandemic, increasing the number of people living close to work and boosting residential rents in the area.

Downtown added 17 new companies that opened offices between fall 2020 and June 2021, and they are expected to bring 1,835 jobs to the city in the next three years. In exchange, the firms are eligible to receive up to $150,000 each from the city over three years depending on the number of people they employ here.

The average rent for all ...

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