CommercialEdge data shows that Miami saw $395 million in office transactions during the first quarter of 2021, nearly 6 times the amount during the same time last year.
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The subsidiary of Bridge Investment Group, Bridge Commercial Real Estate, has launched a new program called Abridge, providing large companies with suburban offices.
Location Ventures has purchased a site on Washington Avenue in Miami for $20 million to transform it into URBIN, a new coworking and coliving concept.
The cost of office fit outs are changing as companies seek to bring workers back into the office, and also address the evolving demands for the post-pandemic workforce.
Google CEO Sundar Pichai revealed that the company now expects 20% of employees to continue working from home, a more relaxed approach than its previous work policies.