WRE News: Brickell City Centre Reaches 97% Occupancy

Miami, FL – November 25, 2023 – Brickell City Centre reported an impressive 97% occupancy rate as of September 30, compared to 89% at the end of 2022.
This uptick includes space earmarked for prospective tenants who have already expressed their intent through signed letters. Concurrently, retail sales volume at the mall has surged by 16.7% during the first nine months of this year, showcasing a robust growth trend compared to the same period in 2022. Swire Properties USA, holding a majority stake of 62.93%, shared this positive news with investors, highlighting the mall’s resilience and appeal. Meanwhile, with Simon Property Group (25%) and Bal Harbour Shops (12.07%) as minority stakeholders, the mall’s success is bolstered by a diverse ownership structure. Looking ahead, Swire is gearing up for the next phase of the project, the One Brickell City Centre near-supertall office tower, signaling continued confidence and investment in the development.