Plans for MiamiCentral, downtown Miami’s All Aboard Florida train station, may affect development in the area
Local experts predict that All Aboard’s plans for a passenger train between Miami and Orlando could prompt a rise in office, retail and residential properties near the future station, according to a published report...
“I’m hearing interest from my client base for Class A office use,” said Tom Capocefalo, corporate managing director for commercial real estate firm Savills Studley’s Miami office. “Whereas now, rather than looking at conventional office building along Brickell and the downtown core, we are being asked by clients, ‘Hey, anything out there closer to the station to be built?’And the reason being, it’s perceived to be the center of the new business activity in general.” All Aboard’s downtown Miami station to affect neighboring development
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National Office Sector Report (Q3 2014)