Flexible office provider Quest Workspaces will open a new coworking space in Miami spanning three floors. The firm will occupy 40,820 square feet at the CP Group-owned Miami Tower, in the metro’s CBD. This marks the company’s fifth location in the metro and 11th in the state.
The new flex-office space will open in multiple phases, with the first one on the 20th floor, debuting on November 1st. It will be followed by the opening of the 38th floor in the spring of 2024, and the opening of the 37th floor in the beginning of 2025. The locations will feature a total of 173 offices and amenities including a nap room, a treadmill room, meeting rooms and cafés with unlimited coffee, water and tea. Members will also have access to building facilities such as a fitness center and sky lounge.
Completed in 1987, the building spans 619,093 square feet across 47 stories. It underwent a full cosmetic renovation in 2012. The property also encompasses more than 19,000 square feet of retail space and parking space on floors two through 10. The owner acquired the asset in 2022 for $163.5 million, using a $101 million loan from Prudential Financial, according to CommercialEdge data. Tenants at the property include a variety of finance and law firms, the same source shows. Flexible office provider Premier Workspaces also operates a location in the building.
Miami’s coworking scene
Located at 100 SE 2nd St., the property is in the heart of downtown Miami. It is close to the Bayfront Park and across the street from Ultramont Mall. It is also near multiple transportation options, including the Knight Center Metromover Station situated within the building.
As of April, Miami had the largest share of flexible office space among all gateway cities, reaching 3.3 percent of its total leasable office space, a recent CommercialEdge market update shows. Quest Workspaces was the second-largest operator in the metro with some 2 million square feet at the time, according to the same source. Recently, the company has increased its footprint in Boca Raton, doubling the space of one of its locations.