Pebb Capital

: continues its takeover of Miami's Financial District with plans for the second phase of Brickell City Center; One Brickell City Center --- to be the tallest commercial building in the state, if built.

The firm will partner with to construct 1.6 million SF of 'Class A' office with 360-degree views of the ocean, Miami River and Downtown Miami. The height is expected to rise to 1,049 feet and groundbreaking is scheduled for 2023.

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Pebb Capital Managing Principal & Co-Founder Todd Rosenberg spoke at 's "The Future of Office" panel at the annual event. Along with the likes of Related Companies, 13th Floor Investments, Integra and Colliers at the table, the discussion touched on the arm race for amenities, in-office technology, bridging the gap between office and hospitality concepts, and repositioning tired office assets to stay competitive.

New York City's office market is reaching pre-pandemic conditions, with occupancy topping off at 40% for the first time since March 2020. Nationally, average occupancy is 44%.

This rise is in part thanks to companies implementing stricter in-person policies, with large companies such as Citicorp leading the charge.

As of June 1, average asking rents of $65 a square foot represented a decline of 30% from the $90 being demanded in 2019.

Read more in the story below.

New York Office Occupancy Hits Pandemic Era Milestone at More Than 40% Full Data tracking entries into private office buildings showed a 5% bump in who’s showing up in person for work, a notable boost from the previous week.

The pandemic has created new demand for office product that supports live-work-play.

Big banks like J.P. Morgan are setting workplace trends with reimagined concepts that incorporate wellness amenities. For example, the firm's new Manhattan headquarters will include fitness areas, yoga rooms, and meditation spaces.

Pebb Capital is paving the way in Miami Beach with a project that capitalizes on this demand, in addition to new offerings, such as an exclusive membership, several food and beverage options and more. |