Construction giant Brasfield & Gorrie is packing up its roughly 5,500-square-foot office on Ponce de Leon Boulevard in Coral Gables and moving north to Weston, where it has signed a lease for more than 19,000 square feet at Weston Pointe I. The deal, inked in September 2026, will triple the firm's office footprint and puts it among a wave of companies shifting operations from Miami-Dade County into Broward.
A Bigger Footprint at Weston Pointe I
According to JLL, which arranged the 19,330-square-foot deal, Brasfield & Gorrie will occupy the majority of the third floor at 2400 N. Commerce Parkway, with occupancy expected in the second quarter of 2027. The move triples the firm's footprint from its Coral Gables location, according to Commercial Observer. JLL's Ryan Levy said Weston offered the strategic location and connectivity Brasfield & Gorrie needed as the firm grew, per that same outlet.
Brasfield & Gorrie has three Florida offices, and company representative Mike Peters said the new office places the firm in a better position to serve the tri-county area, according to Bisnow. Bisnow, citing a Blanca CRE report, also noted that five firms relocated from Miami-Dade County to Broward County during the third quarter of 2026, including NewEdge Wealth, the Law Offices of Alexandra Linder, and Altura Capital — though Blanca CRE declined to disclose the identity of a fourth company in that count.
Rent Gaps and Population Shifts Fuel the Narrative
Bisnow reported that Broward County's average triple-net office rent stood at $29.51 per square foot in the third quarter of 2026, up 6.5% year over year, compared with $70.51 per square foot in Miami-Dade County, where rents climbed 13.3% over the same period. Gus Martinez told Bisnow that Dade County office pricing runs 10% to 30% higher than Broward's. Christina Jolley, also cited by Bisnow, said companies want offices conveniently located near their employee base, and Bisnow reported that companies are expected to follow as employees move north and firms seek more affordable office rents.
Bisnow further reported, citing Census Bureau data, that Miami-Dade County lost more than 10,000 residents between 2024 and 2025 due to a lack of affordability, a decline the bureau ranked among the largest county population losses in the country. Separately, Bisnow cited IRS migration data analyzed by David Abernathy showing Broward County gained more than 16,000 Miami-Dade residents between 2022 and 2023 — more than any other county received in that period.
What the Broader Market Data Shows
Independent market reports paint a more mixed picture of Broward's office recovery. Newmark reported that Broward County's office vacancy rate declined 20 basis points quarter over quarter to 15.6% in the third quarter of 2026, with positive absorption of 100,642 square feet that quarter — even as year-to-date absorption remained negative at 159,053 square feet. Leasing volume actually dipped 12.3% quarter over quarter to 599,038 square feet, Newmark's report found, while full-service asking rents hit a record $41.42 per square foot, still well below Miami-Dade's $64.40 and Palm Beach County's $49.48.
JLL's own figures, released alongside its Brasfield & Gorrie lease announcement, showed Broward office vacancy holding steady at 16.4% in the second quarter of 2026 with flat absorption, while average direct asking rents rose 5.8% year over year to $49.84 per square foot. Newmark noted that Broward has gone nearly three years without any new office deliveries, with T3 FAT Village East in Fort Lauderdale's CBD — developed by Hines — standing as the only project under construction, expected to deliver in early 2027. Bisnow separately described T3 FAT Village, built by Hines and Urban Street Development in Flagler Village, as Broward's first new office building in six years, expected to be completed in the fourth quarter of 2026.
Miami-Dade Still Has Momentum of Its Own
Even as some tenants head north, Miami-Dade's office market is not exactly struggling. Cushman & Wakefield reported Miami's overall office vacancy rate fell to 13.9% in the third quarter of 2026, its lowest level in six years, with asking rents averaging $67.77 per square foot, up 4.7% year over year, and roughly 1.8 million square feet of office space under construction. That same report noted Microsoft moved its Latin America regional operations from Fort Lauderdale to 37,000 square feet at 830 Brickell during the third quarter, a reminder that tenant traffic between the two counties runs in both directions.
Fort Lauderdale's T3 FAT Village has drawn its own tenants, too. Axios reported that GXO Logistics is opening a 35,000-square-foot regional office in the six-story, 180,000-square-foot building, while CBI Workplace Solutions is relocating its Fort Lauderdale office there from Las Olas.
Smaller Footprints and a Stable, If Unspectacular, Broward
Not every company moving through Broward is scaling up. Bisnow reported that some companies are choosing multiple smaller offices spread across the region instead of one large office in a single market, with developer Mark Corlew of Grover Corlew — which owns and operates multiple offices in Broward County — saying he has encountered two companies over the past year or two seeking that kind of split arrangement. Corlew told Bisnow that some firms are cutting space requirements roughly in half, shrinking needs from 25,000 square feet down to 12,000 or 10,000 square feet and dividing the difference between markets.
Bisnow also cited a Blanca CRE report showing Broward recorded 728,000 square feet of office leasing activity last quarter, 55% of it renewals, marking the county's most active quarter since the end of 2021. Corlew said capital flowing into existing assets has lifted leasing activity, and he told Bisnow that Broward is stable and should not be discounted or ignored. Recent investment activity backs that framing: Bisnow reported that two downtown Fort Lauderdale office buildings on Las Olas Boulevard sold for more than $200 million within 48 hours of each other in 2025, that Bradford Investment Advisors purchased a 28-year-old office building for $208 million with plans to spend $25 million on updates, and that Square2 Capital and Highline Real Estate Capital acquired a 23-story office tower for $221 million with renovation plans of their own.
