Miami, FL January 29, 2014 The Taylor & Mathis of Florida Miami-Dade leasing team had a record breaking year in 2013. The team whose leasing portfolio encompasses four million square feet of office space throughout Miami-Dade as well as an office tower in West Palm Beach completed over 100 leases last year. The leases totaled nearly 700,000 square feet and were valued at $165 million. “The office market is sizzling right now,” said Taylor & Mathis Principal Brian Gale. “Rents are increasing and tenant concessions are beginning to dwindle. Most of the tenant expansions have been in the field of professional services which include law firms, accounting firms, insurance agencies, etc. The Downtown/Brickell market was the hottest of the Miami-Dade submarkets in 2013 and is showing no sign of slowing down. Rental rates are increasing as is the absorption of vacant spaces.”
Taylor & Mathis leasing team includes Brian Gale, Andrew Trench, Ryan Holtzman and Jeannette Mendoza. “Throughout our 4 million square foot portfolio, we leased over 322,000 square feet of new leases, 276,000 square feet of renewals and over 92,000 square feet of expansions. We did six leases over 30,000 square feet and two were over 40,000 square feet. Key lease deals included:
- Akerman Senterfitt’s 40,000 square foot lease and Morgan Stanley’s 30,000 square foot renewal at Phillips Point in West Palm Beach
- GrayRobinson’s 35,500 square foot lease at Wells Fargo Center in Downtown Miami
- Quest Workspaces’ 20,000 square foot lease at 777 Brickell and 37,000 square foot lease at Espirto Santo Plaza in Miami’s Brickell Financial District
- Weil Gotshal & Manges’ & Fowler White Burnett’s renewals at Espirito Santo Plaza
One of the keys to the leasing team’s success was securing renewals and expansions. Many of our existing tenants were courted heavily by nearly every Brickell and Downtown Miami office building including the new developments. The key to getting those deals done was our existing relationships and our outstanding management teams,” said Andrew Trench, Taylor & Mathis Leasing Director. “We were able to negotiate and finalize those renewals relatively smoothly, despite the market aggressively pursuing them.” Taylor & Mathis was named Property Management Company of the Year at the 2013 Miami-Dade BOMA awards.
About Taylor & Mathis
Taylor & Mathis is a diversified real estate company specializing in the development, marketing and management of office buildings, suburban office parks, industrial parks and mixed-use projects. In Florida the company leases and/or manages a portfolio over 11 million square feet. Founded in 1967, the company has developed properties exceeding $1.9 billion in value and has established itself as one of the most respected regional real estate firms in the United States. Based in Atlanta, with offices in Miami, Tampa, Orlando and Sunrise, Taylor & Mathis concentrates its business activity in primary growth markets in the southeastern United States. For more information, visit dev.taylormathis.com.
The Taylor & Mathis of Florida Miami-Dade Leasing Team
Andrew Trench, Nicole Gamarra, Brian Gale, Jeannette Mendoza & Ryan Holtzman
Brian Gale, Principal, Taylor & Mathis
(305) 476-8880 email@example.com
Andrew Trench Leasing Director, Taylor & Mathis
(305) 476-8880 firstname.lastname@example.org