- Amazon signed a record 50 KSF office lease in Wynwood, the largest-ever lease in Miami’s art district.
- The lease is part of the new Wynwood Plaza development, a mixed-use project that includes office, residential, retail, and dining, set to deliver later this year.
- Wynwood, one of Miami’s most expensive office markets, saw 6.4% YoY rent growth, highlighting the area’s rising appeal.
Amazon (AMZN) has chosen Miami’s Wynwood district for its latest office expansion, signing the largest office lease ever in the area, per Bisnow.
Setting a New Record
The e-commerce giant will occupy over 50 KSF in Wynwood Plaza, a newly developed mixed-use space set to open later this year. It’s a significant milestone in Wynwood’s office market, adding to the neighborhood’s growing status as a hub for businesses and creatives.
The New Hotspot
Wynwood Plaza, located at 95 NW 29th St., is poised to be one of the most sought-after office spaces in Miami—and worldwide. The development, which broke ground in early 2023, features a 12-story office tower, 509 residential units, and ample retail and restaurant spaces, all within a 1 MSF complex.
Amazon’s decision to lease more than 50 KSF in this highly anticipated office development sets a new benchmark for office space in the area.
“We’re thrilled Amazon has selected Wynwood Plaza as its home in Miami,” said Bryan Lapidus, Vice President at L&L Holding, one of the project’s developers. “It will continue to attract leading companies seeking a world-class, highly-amenitized workspace in one of the most exciting regions in the country.”
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Growing Miami Footprint
Amazon’s expansion into Wynwood aligns with the company’s ever-bigger footprint in Miami. The move is also significant given Amazon’s recent announcement to shrink its office footprint across other markets as part of a broader cost-cutting strategy.
In Miami, however, the e-commerce giant’s growing presence is inescapable. In addition to the new Wynwood office lease, Amazon is also developing a 1 MSF fulfillment center in South Dade, set to employ over 1K local residents.
This dual expansion of both the office and logistics spaces reflects Amazon’s commitment to the Miami market, which is seeing an influx of tech and e-commerce companies.
Rising Rents, Demand
According to CBRE’s Q4 report, Wynwood has become one of Miami’s most expensive office markets. Rents rose by 6.4% YoY to approximately $86.99 PSF, placing Wynwood just behind Brickell in terms of rental prices.
As the neighborhood continues to attract major tenants like Amazon, Claure Group (which leased 25 KSF), and Weitz & Luxenberg (which leased 18 KSF), its status as a prime office destination is solidifying.
In Summary
Amazon’s record-setting lease in Wynwood Plaza underscores the growing appeal of Miami’s office market, especially in neighborhoods like Wynwood that blend innovation, culture, and lifestyle.
Despite broader office downsizing trends, Amazon’s ongoing investments in Miami signal confidence in the city’s long-term growth and its place as a prime location for both corporate offices and distribution centers.
