Global Insurance Group Howden Leases 23,658 SF at 600 Brickell World Plaza

Howden, the global insurance intermediary, is deepening its U.S. presence with a 23,658-square-foot lease at 600 Brickell World Plaza in Miami’s financial district. The move aligns with the company’s national growth strategy and leadership expansion, following the appointment of Mike Parrish as CEO of Howden US and Jim Hays as Vice Chairman. Parrish will lead efforts to build a next-generation retail broking business that reflects Howden’s employee-owned and client-driven ethos.

The lease was arranged by Colliers South Florida, with Vice Chair Jonathan Kingsley and Associate Zach Smith representing Howden, alongside Jodie Poirier, President of Occupier Services, and Executive Vice Presidents Ian Gilbert and Bob Rosenthal. Ilene Muñoz, Vice President of Leasing at Elm Spring, represented the landlord, Brickell Holdings, LLC.

“With Brickell established as Miami’s epicenter for global business, we were pleased to support Howden in securing a flagship office setting that reflects their ambitious U.S. expansion strategy,” said Kingsley. “At 600 Brickell, Howden will have the perfect platform to extend their global expertise and deliver exceptional service to clients across key markets.”

Headquartered in London, Howden is the world’s largest employee-owned insurance intermediary, managing more than $42 billion in premiums across 56 countries with a workforce of over 25,000 employees. The firm’s new Miami office will serve as a key foothold in its North American expansion, with occupancy expected in early 2026. The move reflects Miami’s growing appeal to international firms seeking proximity to Latin American markets and a high-profile address within the U.S. financial landscape.

Rising 40 stories and spanning over 1 million square feet, 600 Brickell World Plaza features 26 dedicated office floors, nine-foot ceilings, and panoramic views of Biscayne Bay and the downtown skyline. It is recognized as Florida’s first LEED Platinum-certified high-rise office building, a distinction highlighting its advanced sustainability and technology standards.

The tower offers a 30,000-square-foot landscaped plaza, private fitness center, modern conference and telepresence facilities, on-site management, and 11 levels of secure, covered parking. Located directly on Brickell Avenue, the property sits within walking distance to some of Miami’s top restaurants, banks, and luxury hotels.

With over 80% of Brickell’s 43,000 employees working in finance, law, and tech, the district continues to attract a global roster of professional service firms. Since 2020, nearly 20% of new-to-market leasing activity in Brickell has been driven by international companies.

Notable entrants include CI Financial (Canada), Banco Master (Brazil), WORQ (Malaysia), and SoftBank Group (Japan) — each establishing flagship U.S. offices in the submarket. Howden’s arrival further reinforces Brickell’s position as a global gateway for business, combining prestige, talent density, and international connectivity.

Coworking Giant Regus Leases Entire Building in South of Fifth

Regus, a global leader in flexible office spaces, has secured a long-term lease for the entirety of 429 Lenox, a 45,789-square-foot Class A boutique office building in Miami Beach’s South of Fifth neighborhood. This marks Regus’ largest footprint in the area, reflecting the growing demand for coworking spaces in South Florida.

The lease was brokered by Colliers South Florida, with Vice Chair Stephen Rutchik and Vice President Ana Paula representing the landlord, Azora Exan. JLL’s Adam Bernstein represented Regus in the transaction.

“429 Lenox's prime location in the highly sought-after South of Fifth neighborhood made it an exceptional choice for Regus’ expansion,” said Paula. “As the market shifts towards prioritizing lifestyle, prime location, and modern workspaces, the property offers an unmatched blend of unique rooftop access, plug-and-play office solutions, and contemporary amenities. Its proximity to the MacArthur Causeway ensures seamless access in and out of Miami Beach, positioning it as an unparalleled option for today’s forward-thinking businesses.”

Designed by renowned architect Kobi Karp, 429 Lenox features contemporary office spaces tailored for businesses seeking a prestigious address in a dynamic, amenity-rich environment. Key features include a rooftop deck, on-site parking, and prime signage opportunities. Its South of Fifth location provides easy access to luxury residences, upscale dining, and Miami’s iconic beaches.

Arturo Vinueza, Vice President of Investments at Azora Exan, highlighted the significance of the lease: “We are excited to welcome Regus at 429 Lenox, marking a new chapter for our office building in the vibrant South of Fifth neighborhood. This lease highlights the strength of premium office space in Miami, particularly in walkable, amenity-rich areas, aligning with our national office investment thesis. We look forward to welcoming a diverse community of entrepreneurs and professionals who will thrive in this environment.”

Regus plans to operate the location under its SPACES brand, emphasizing flexibility and innovation in workspace solutions. The new office is set to open in the fourth quarter of 2024 and will join Regus’ other Miami Beach locations, solidifying its presence in the market.

The full-building lease underscores the increasing appeal of coworking spaces in Miami Beach, where office vacancy rates remain low, recorded at just 8.7% in Q3 2024. As companies continue to embrace hybrid work models, demand for adaptable, lifestyle-driven workspaces is surging. Coworking spaces like those offered by Regus cater to businesses seeking environments that enhance productivity and work-life balance.

The broader trend aligns with a post-pandemic shift in workplace priorities, with businesses opting for premium, flexible spaces in prime locations. The 429 Lenox lease reflects this evolution, cementing Miami Beach’s status as a competitive and vibrant office market.

Eighteen Sunset Achieves Full Occupancy in Miami Beach’s Thriving Office Market

Eighteen Sunset, a highly anticipated mixed-use boutique development in Miami Beach’s Sunset Harbour neighborhood, has achieved full occupancy for its premium office spaces. The 17,708 square feet of Class A+ office space has been fully leased, highlighting the surging demand for luxury work environments in Miami Beach.

Colliers, led by Vice Chair Stephen Rutchik, managed the leasing process on behalf of the landlords, Deco Capital Group and RWN Real Estate Partners. CBRE’s Executive Vice Presidents Jeff Gordon and Barbara Black represented the tenants in the transactions.

The property has attracted a carefully curated mix of tenants, including a globally recognized private equity firm and luxury lifestyle brand Audemars Piguet. Both organizations were drawn to Eighteen Sunset’s unique blend of high-end design, waterfront views, and proximity to Miami Beach’s dynamic cultural and business hubs.

Developed by Deco Capital Group and constructed by Origin Construction, Eighteen Sunset is located at 1759 Purdy Avenue, offering tenants direct access to Maurice Gibb Park, the Sunset Harbour Marina, and upscale dining and retail options. Its strategic location combines proximity to Miami Beach’s active community with unobstructed views of the Intracoastal Waterway and Venetian Islands.

Stephen Rutchik of Colliers emphasized the property’s role in meeting modern workspace needs: “Eighteen Sunset represents the future of workspaces in Miami Beach. Its boutique design, unmatched amenities, and premier location reflect the evolving preferences of businesses seeking more than just office space.”

Slated for completion later this year, Eighteen Sunset is poised to set a new benchmark for elite office environments in Miami Beach’s competitive real estate market.