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Palm Beach County Office Market Report (Q1 2021)13 Apr 2021
NewDay USA, a home mortgage originator to veterans, announced plans to open a second U.S. headquarters at The Related Companies (“Related”) new 360 Rosemary building as hedge fund Elliott Management also looks to lease 40,000 square feet in the building. Financial giant Goldman Sachs also plans to move its asset management division to South Florida, and recently posted dozens of job listings with West Palm Beach as the location. Related has been very bullish on downtown West Palm Beach and is rumored to have two key deals under contract that would allow them to control the majority of all class A space downtown with 1.6 million sf under ownership.