Brickell lease at $250 per square foot sets local record, Scott Lincicome notes

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02.07.2026

Brickell lease at $250 per square foot sets local record, Scott Lincicome notes — Brickell office lease hits new local record

Scott Lincicome points out that Class A office space in Brickell, prior to the post-pandemic boom, typically leased for about $40 to $60 per square foot.

He notes that a recent reported lease by Thiel at $250 per square foot set a local record and brought Brickell's rates in direct competition with top-tier markets such as Manhattan and San Francisco.

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Scott Lincicome has also tracked high-profile moves in other sectors. He noted that Lutnick postponed the opening of a Canada-U.S. bridge to secure a larger share of toll revenue, using leverage for U.S. entry access (full story). In a separate update, Lincicome reported that Commerce Secretary Lutnick has called on tech leaders to support Intel amid ongoing financial losses and market pressures (more details). These developments add further context to recent record-setting lease rates in Brickell.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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