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Tale of Two Office Towers: Miami Deals Underscore Allure, Divisions in City's Downtown Neighborhoods

The Deals for 1221 Brickell and the Miami Tower, a Mile Apart, Were Two of the Priciest in Recent Years
The Miami River, and investor interest, separate downtown Miami from the Brickell financial district. (CoStar)
The Miami River, and investor interest, separate downtown Miami from the Brickell financial district. (CoStar)

Miami’s office market seems to be nearly as strong as its apartment market, given the recent sales of two high-profile downtown towers, one fetching the highest price since the start of the pandemic and another not too far behind.

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