Reaping the Rewards of a Multi-Million Dollar Renovation

MetLife, the New York-based life insurance company, saw occupancy rates and leases increase at the Wells Fargo Center at 333 SE Second Ave after it upgraded a 7,500-square-foot space on the ground floor. Three tenants signed a total of 50,000 square feet in just two weeks, said Cushman & Wakefield Vice Chairman Brian Gale. Cushman & Wakefield manages the tower and oversees office leasing on behalf of MetLife. “The new tenants loved the amenity space,” Gale said. “It’s the most leasing that we’ve done in 10 years in a four-month period.”

This downtown Miami office building spent $4M on renovations. But was it worth it?

The Wells Fargo Center in downtown Miami completed a $4 million, yearlong renovation in November 2019. The property manager said the upgrades were worth the cost since it attracted three new tenants.


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