Stockholm-based digital streaming company Spotify has joined several other notable tech companies in Miami’s Arts District. The company recently signed a lease for 20,000 square feet of office space in Wynwood, at The Oasis. JLL represented Spotify in the deal, while the landlord, Carpe Real Estate Partners, was represented by Brian Gale and Andrew Trench of Cushman & Wakefield.
Spotify’s South Florida office space will be located on North Miami Avenue, between 23rd and 24th streets. The Oasis, which is still in development, is slated to open later this year. Renderings show that the campus is designed to rival coveted workspaces such as those provided by Google. Integrating seamless transitions between indoor and outdoor spaces, the mixed-use Arts District adaptive reuse project will feature several restaurants; a full-service bar; a 35,000-square-foot concourse area, complete with a stage for daily entertainment; and ample outdoor seating and workspaces.
Spotify had reportedly been looking for office space in downtown Miami and in Brickell, where it already currently has offices at 1221 Brickell. In its new location, the company will share the neighborhood with other high-profile office tenants, including:
- entertainment company LiveNation, which leased 8,000 square feet at The Annex last September
- coworking office space provider WeWork, which occupies 32,000 square feet of the Wynwood Garage on NW 27th Street
- design and architect firm Gensler, which signed a 10-year lease for a 13,456-square-foot space at 545 Wyn
In Miami Today, David Peretz, founder and managing principal of East End Capital, which developed The Annex, was quoted in regards to the emerging office submarket. He said that there has been “a lot of interest from technology, advertising, marketing and innovation companies looking for class A office space in a neighborhood where employees can live, work, eat and play. Tenants can now find brand-new office space with high ceilings, boutique floor plates, both private and shared outdoor space, and on-site parking. Office tenants are migrating to Wynwood because the district is such a vibrant area in the urban core of Miami and is recognized globally as a premier destination for art, innovation and creative enterprise.”
Property images courtesy of Yardi Matrix.