Brickell corporate expansion and office-supply inflection

Citadel’s planned $1B+ headquarters remains a major corporate anchor for Brickell, but the September 2026 drill-rig collapse creates unresolved construction and schedule risk. More than 1.5 million square feet of modern office capacity is expected to address Miami’s shortage of large contiguous blocks; current Class A vacancy is reported at 11.8% and trophy rents at up to $250/SF. The central market question is whether new supply enables another corporate-relocation wave and lifts nearby luxury residential demand.