European hedge fund Brevan Howard, Swiss packaging giant Amcor, and Washington, D.C.-based housing consultancy Quadel each signed new Miami office leases in the second quarter of 2026, adding fresh momentum to a downtown market that now leads the nation in office asking rents.

Which companies signed new Miami office leases in Q2 2026?

Amcor, Brevan Howard, and Quadel all committed to downtown Miami office space during the second quarter of 2026, according to Blanca Commercial Real Estate's Q2 Miami-Dade office market report. Amcor's deal was the largest of the trio, with the Switzerland-headquartered packaging company selecting 200 South Biscayne Boulevard's Southeast Financial Center as the home of its U.S. headquarters.

  • Amcor leased 33,800 square feet at the Southeast Financial Center at 200 South Biscayne Boulevard for its U.S. headquarters.
  • Quadel signed for 13,500 square feet at the Security Building in downtown Miami.
  • Brevan Howard, a major European hedge fund, also added Miami office space during the quarter.

What do these leases reveal about Miami's office market health?

Miami-Dade's Class A office vacancy rate dropped to 15.7% in Q2 2026, a decline of 130 basis points compared to the same period in 2025, signaling sustained absorption of premium space. The city also claimed the top ranking nationwide for highest office asking rents during the quarter — a measure that reflects both genuine demand from relocating firms and the premium tenants are willing to pay for a Miami address.

  • Class A vacancy fell 130 basis points year-over-year, reaching 15.7% in Q2 2026.
  • Miami-Dade led all U.S. markets in office asking rents during the second quarter of 2026.
  • Blanca Commercial Real Estate compiled the figures in its Q2 Miami-Dade office market report.

Why are global firms choosing Downtown Miami over other U.S. cities?

Downtown Miami's appeal to international tenants like Amcor and Brevan Howard reflects a pattern that has accelerated since 2021, as companies cite Florida's tax environment, direct international flight connections through Miami International Airport, and proximity to Latin American business networks. Amcor's decision to anchor its U.S. headquarters at the Southeast Financial Center places it in one of downtown's most established Class A towers along Biscayne Boulevard.

  • The Southeast Financial Center at 200 South Biscayne Boulevard is a long-standing Class A address in downtown Miami.
  • Quadel's presence at the Security Building adds a government-sector consultancy to the downtown tenant mix.
  • Demand from European financial firms such as Brevan Howard mirrors earlier relocations by firms including Citadel and Apollo Global Management.

What should Miami residents and commuters expect from continued office growth?

Sustained leasing activity in downtown Miami is likely to increase peak-hour pressure on the Miami-Dade Transit Metromover and Metrorail systems, both of which serve the downtown core. Blanca Commercial Real Estate's data suggests that absorption of Class A space will remain positive through at least the near term, meaning more workers are likely to enter the downtown corridor in coming quarters.

Original reporting on these lease signings and the Q2 market data was first published by The Real Deal Miami.