Peter Thiel’s family office is going big in Brickell, locking in a full floor at 830 Brickell in Miami’s finance district and reportedly agreeing to pay about $250 per square foot. The roughly 18,158-square-foot deal on the 44th floor sets a new high-water mark for trophy office space in Brickell and underscores just how hard top-tier tenants are leaning into the neighborhood.
According to Bloomberg, the tenant is a family office tied to Thiel, and details of the lease came from people familiar with the transaction. Thiel is known as a co-founder of Palantir and an early backer of SpaceX, per Britannica.
According to OKO Group, 830 Brickell was developed by OKO Group and Cain International and counts marquee tenants such as Microsoft and Citadel. Local coverage has also played up the tower’s top-floor hospitality appeal, with top floor Seia at 830 Brickell reinforcing the building’s trophy status on the Brickell skyline.
Record Rents Climb Past $200 Per Square Foot
Brokers told The Real Deal in May that a full-floor letter of intent at 830 Brickell for roughly 18,000 square feet was being finalized at about $250 per square foot. That would put the tower well ahead of earlier Miami benchmarks and track with a broader market shift where boutique trophy offices are regularly commanding triple-digit rents…