The Tech Giant Is A Welcomed Addition To South Florida.
At the start of the pandemic, and even thereafter, no city in the United States drew more of a buzz around attracting technology companies than Miami. Social media was awash with headline-grabbing tweets between Miami’s mayor and several tech leaders–inspiring conversations that were sure to begin changing the course of the city and the region as a whole.
On Wednesday, September 8th, Microsoft announced that it will be opening a new headquarters at the freshly completed 830 Brickell Avenue building right at the heart of the Magic City. This new headquarters will serve as the central hub for all Latin American Operations, bringing a number of high-level jobs to the area and furthering the economic growth of the city. The company will occupy a total of 42,000 square feet across two-and-a-half floors. Mariana Castro, Vice President of Sales & Operations for Latin America at Microsoft made the announcement on LinkedIn, the company’s business-minded social network that was acquired back in 2016 for more than $26 Billion.
This announcement will most certainly have an impact on the real estate market in the surrounding area, but Brickell especially. Miami’s young and vibrant urban core, which has already been experiencing shortages in available inventory, will likely see more development in the future to support growing demand.