Category Archives: Miami Office Space

Great Metro Areas To Open An Office

Where in the world to open an officeThe famous dictum is that when you see an opportunity, you go for it. With the advanced technology taking over and the improved economy and living standards; the deep-seated idea of running their own business and where to open an office has taken a new turn among business people. When considering where to open an office, metro areas all over the world and the plus points they offer, can be considered since nearly every investor is ready to move to a high business potential area. This will not only help you get a great business start but also change your living style accordingly.

Even if you don’t have your business industry running in a metro area, having its headquarter in a city like Denver or Miami (not forgetting the pleasant and spot on sights of Miami of course) is like signing a very profitable deal. You’ll be able to hire qualified, talented and trained individuals in your firm, the labor cost would be affordable and the economy of the city itself will be quite supportive. Don’t you see a bright future for your office in a metro area?

Here are a few top picks of where to open an office:

  1. Miami, U.S:

With a strong tourist industry and its diverse population, the overall local economy of Miami is quite strong with the ability to uplift your business to a new level. The more crowded the area, the better are the chances for your startup to progress and prosper, and Miami offers it all. It is also considered as one of the best business incubators which provide assets to the interested investors as well. More Info.

  1. Denver:

Denver is chiefly known for the energy sources and mining potential which have attracted hundreds and thousands of investors so far. The metro population of the area is increasing day by day without an increase in the dependency ratio. This means, establishing an office here would not only bring success but also allow you to enroll the most competent individuals freshly graduated from the universities or those getting training somewhere. Many professionals are seeking interest in Denver. It’s surely a potential area that supports the line of business. More Info.

  1. Beijing, China:

It’s been a decade since China has sprung up on the world’s map as the richly dense country in terms of population, economy and competitive workforce. Nothing could stop them at the time of recession so what would put them down? Beijing is known for its highly affordable public transport, easy access to airports and number one in warmly welcoming the foreign investors. Setting up your office here would profit you in terms of having an easy to go lifestyle as well. More Info.

  1. Abu Dhabi, UAE:

Abu Dhabi is one of the largest seven emirates of UAE with the famous parks, gardens, sightseeing spots and UAE Islands. The metro area of this emirate is also known for having a good business potential. This area has the highest GDP per capita income owing to the largest hydrocarbon wealth. More Info.

  1. Atlanta, U.S:

The United States has a lot of different metropolitan areas but Atlanta is one of those states which mark its huge territory in the domain of business development. With headquarters of companies like Coca-Cola, UPS, and famous airline; Atlanta is the center of business attraction for many investors. More Info.

  1. Seattle, U.S:

When business industries start, they tend to go down or break as well. Seattle is known for giving birth to thousands of startup businesses and offices every year while the numbers of business shutdowns are low. As this metro area is responsible for the success of Microsoft, an amazing online network Amazon and the world’s best coffee named Starbucks; the investors who invest here look forward to having a similar fate. More Info.

  1. Provo, Utah:

Are you looking for the talented workforce? Everyone needs to hire workers to make their offices and business run. Hiring the qualified ones, of course, makes a difference. Provo is known for its private universities and the highly qualified graduates they produce. These graduates would soon look out for a job! Why not take advantage by investing here? More Info.

  1. Omaha, Neb:

This is another city of the United States known for its educational background, high economy and low unemployment rates. Although it is heavily dense with small business industries but it has the potential to support large industries as well. More Info.

Are you ready to start your business? Do consider the above mentioned metro areas list before you take any step. Starting and running your office are two different things. To run it, you need a skilled workforce, affordable labor cost, transport facilities and a healthy economic area. Make sure the location you have selected has it all!

Guest Post by: Rachel Stinson who has always had a knack for writing, food, fashion, and places. Blogging has combined all four for her with an added bonus of enthusiastic audiences. She expertly analyzes real estates and restaurants with respect to pricing and people involved and can express her opinions in an unhesitating, engaging manner.

If you need assistance in finding a location to open an office, We can help with our worldwide network of local specialists. Contact us today to find out more.

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Miami is the Gateway to Latin American Business Opportunity

Miami Office Space SkylineFor any established or developing businesses that wish to take part in the available bounty of the stabilizing economies of Latin America the smart choice in leasing is in great Miami office spaces. In a recent article in Forbes magazine, Alex Sanchez, president of the Florida Bankers Association said,

“Miami is the unofficial capital of the hemisphere.”

This is due to the city’s rich diversity and it’s choice geographic location.

Many Central and South American nations and corporations have regional Miami office space, which facilitates international partnerships on U.S. soil. Miami’s southern location in the continental United States, and it’s established Latin-American community over decades, have created strong bonds and a capable bilingual culture that lubricates business ventures. In addition to feeling welcome and comfortable in this international capital, Latin American nations use Miami as a haven for asset management and as a touchstone with American financial markets, due to the U.S.’s stability and reliable system of laws.

In a story by BBC Capital, an increase in tourism and international traffic reflected that since 2013 a surge in the majority of visitors, 51 percent, are reported to be from outside the U.S. Miami International Airport is a big reason for this. A major flight hub for airlines such as American, provides numerous direct routes to major cities all over the hemisphere and at times makes it more convenient to fly to Miami, than to fly between Latin American nations. Once at the Airport, taxi and Metrorail services make connecting with Miami’s downtown, Brickell, and centric entertainment sectors, easy and affordable. Miami city officials are currently working on improvements to the airport’s infrastructure as well as taxi services for the city to further grease the wheels of a fertile and dynamic environment.

With Miami providing tech opportunities, film and entertainment production, wealth management, banking and diplomatic contacts, it is a clear choice for investment and business development. Miami’s wide open office real estate is desirable, attractive and poised for success. Contact us to guide you in finding Miami office space that is right and well situated for your business objectives.

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Miami Office Space Market Conditions

Nicknamed the “Capital of Latin America”, Miami is the second largest city in the United  States with a Spanish-speaking majority.  During the rise of Fidel Castro in Cuba (1959), many Cubans sought refuge in Miami, increasing the population.  Miami’s metropolitan population grew from one thousand to nearly five and a half million in the years between 1896-2006.  With such a large concentration of people, and given its small land area, Miami has become the most densely populated city in the U.S.

Miami’s culture is deep and varied, due to the Latin influences brought from Cuba and around the world.  These influences can be seen in music, fashion, arts, media, and especially the cuisine.  Citizens have even adapted a unique dialect, referred to as “Miami dialect.”  The majority of residents speak Spanish.  Other languages spoken include Haitian Creole, Portuguese, and English.

The tropical weather makes outdoor activities here a year round pastime.  Snorkeling, boating, and sunbathing along the sandy beaches being among the most popular activities.  Miami has four professional sports teams to provide additional entertainment resources: Miami Dolphins, Miami Heat, Miami Marlins, and the Florida Panthers.

The Port of Miami, also nicknamed the “Cruise Capital of the World”, is the busiest port in cruise lines.  Approximately one out of every seven of the world’s cruise passengers board in the Port of Miami, myself included.  Miami International Airport is the largest travel gateway between Latin America and the U.S.  These two points of entry for tourism contribute nearly $17 billion annually to the local economy.

Downtown Miami contains the largest concentration of international banks in the United States.  Several large corporations are headquartered in Miami, including Burger King, Celebrity Cruises, Carnival Cruise Lines, and U.S. Century Bank.  It is also the production center for Spanish language media programming for Telemundo, and a major music recording center for Sony Music Latin and Universal Music Latin Entertainment.

The heart of the city is downtown Miami, and is Florida’s largest and most influential business district. The other sections of Miami are partitioned into North, South, and West.

Miami’s office market is expected to remain strong due to demand, but growth will be at a slower rate.

Submarket

Vacancy Rate

YTD Net Absorption

Avg. Asking Rate

Downtown

21.3 %

(67,418)

$29.25

North

23.4%

(2,931)

$22.10

South

32.0 %

17,180

$23.87

Source: CBRE Miami Office Marketview Q3 2013