European hedge fund heavyweight Brevan Howard has slipped into Coconut Grove, quietly inking a lease for roughly 7,000 square feet at Related Group’s boutique office building on Tigertail Avenue. The April deal hands the Jersey based macro manager a compact Miami outpost after a year of firms sniffing around the market with test runs. Small as it is, the move is a very public nod to Miami’s staying power with global finance.
As reported by The Real Deal, Brevan Howard took a third floor suite at 2850 Tigertail. JLL brokers Daniel Posy and Ryan Levy represented the tenant, while a Cushman & Wakefield team confirmed the deal but kept the terms under wraps. The same report, citing Blanca Commercial Real Estate’s second quarter review, notes that Zurich based Amcor signed about 33,800 square feet at the Southeast Financial Center for its U.S. headquarters and Quadel grabbed roughly 13,500 square feet at downtown’s Security Building. Together, those signings fit a pattern of new to market tenants easing into Miami with relatively small footprints before deciding whether to scale up.
Coconut Grove’s Boutique Draw
Related Group wrapped construction of the Tigertail building in 2021 and moved its own headquarters into the upper floors, creating a tight supply of private floor suites that hit the sweet spot for investment firms that want discretion along with amenities. Related Group lists Cushman & Wakefield’s Andrew Trench as the leasing contact for the property. On its side, Brevan Howard highlights a network of U.S. outposts, and the Coconut Grove suite slots neatly into that strategy as a practical satellite for a global manager rather than a full scale hub.
Market Snapshot: Pricey Space, Patchy Occupancy
Miami’s office scene continues to juggle two realities at once: some of the highest asking rents in the country paired with stubbornly elevated vacancy. According to The Real Deal, Miami Dade’s second quarter class A vacancy sat around 15.7 percent, with class B space at about 14 percent. At the same time, Cushman & Wakefield points to a clear flight to quality trend and puts Miami’s overall asking rent near 65 dollars per square foot as of the first quarter of 2026, keeping the market firmly in the top tier for pricing.
Small Leases, Cautious Expansion
Brokers say these compact, “toe in the water” offices let newcomers test local hiring, operations and client access before they risk a big downtown commitment. Colliers has flagged Coconut Grove’s newer inventory and comparatively lower vacancy versus some core submarkets, which helps explain why firms that want an amenity rich, walkable, headquarters style environment keep circling the neighborhood…