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Florida & Gulf Coast  + South Florida  + Retail  | 
The Gateway at Wynwood in Miami, FL has signed a long-term lease with Danish furniture store BoConcept.

BoConcept Brings Hygge to Miami with Lease at The Gateway of Wynwood

The Gateway at Wynwood in Miami, FL has signed a long-term lease with BoConcept, the first retail tenant announced for the building. BoConcept will occupy 3,000 square feet of ground-floor retail space in the 13-story office building, which has 195,000 square feet of office space and 25,900 square feet of street-level retail space.

CBRE‘s Alex Cesar represented The Gateway at Wynwood in the transaction while CBRE’s Drew Schaul represented BoConcept.

“This store is in a prominent position to not only introduce the Danish design concept of home comfort and coziness known as “hygge” to many more people from around the world, but, more importantly, to reinforce BoConcept’s global commitment to creating modern design elements that elevate interior spaces to achieve their true potential,” said said Steen Knigge, director of US marketing for BoConcept.

According to The Gateway at Wynwood owner and developer R&B Realty Group, citing Colliers, the Miami-Dade County retail market has re-established stability two years into the pandemic and saw improvements throughout 2021 with positive net absorption, manageable new supply, increasing asking rental rates and a decreasing vacancy rate each quarter. Overall vacancy decreased to 3.7% in the fourth quarter and asking rates significantly increased.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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