Key Takeaways
- • Peter Thiel leased Miami Brickell office space at $250 per square foot in June 2026 for his family office, a deal that reportedly set a rental record, according to The New York Times.
- • Deloitte counts more than 8,000 single-family offices globally in 2024, up about 30 percent from just over 6,000 in 2019, and projects more than 10,000 by 2030.
- • Total estimated wealth of families with family offices exceeded $5 trillion in 2024, versus a little over $3 trillion in 2019, per Deloitte.
- • Financial services accounted for 15 percent of new Miami leasing activity in Q2 2026, according to Blanca Commercial Real Estate.
- • More than 120 family offices are already established in the Miami area, with median assets under management of $350 million, per Altss data.
Summary
The New York Times reports that a growing number of family offices are opening in Miami, as high-net-worth individuals who have relocated to the city since the Covid-19 pandemic seek private wealth management firms nearby. The shift is reshaping parts of the city's office market, with brokers struggling to keep pace with requests for family office space.
Peter Thiel leased space in Brickell for his family office in June at $250 per square foot, a deal the paper describes as breaking rental records. In the same month, billionaire Mohamed Mansour of Man Capital signed a family office lease in The Well, a new complex in Bay Harbor Islands. Super Bowl champion Tom Brady is preparing to move his family office, TEB Capital Management, into the same building.
The broader trend reflects rising wealth concentration. According to Deloitte's latest report on family offices, the number of single-family offices globally rose from just over 6,000 in 2019 to more than 8,000 in 2024, and is expected to exceed 10,000 by 2030. Estimated wealth held by families with family offices grew from a little over $3 trillion in 2019 to more than $5 trillion in 2024. The growing complexity of these holdings has drawn accountants, tax specialists and other service providers into the ecosystem.
Leasing data underscores the local impact. Blanca Commercial Real Estate reported that 15 percent of new Miami leasing activity in the second quarter of 2026 was tied to financial services expansions, including family offices. Deloitte's survey of 354 single-family offices found average assets under management of $2 billion in 2023, though that average includes prominent family offices. Research from Altss indicates more than 120 family offices are already set up in the Miami area, with median AUM of $350 million.
Peter Thiel leased space in Brickell for his family office in June at $250 per square foot, a deal the paper describes as breaking rental records. In the same month, billionaire Mohamed Mansour of Man Capital signed a family office lease in The Well, a new complex in Bay Harbor Islands. Super Bowl champion Tom Brady is preparing to move his family office, TEB Capital Management, into the same building.
The broader trend reflects rising wealth concentration. According to Deloitte's latest report on family offices, the number of single-family offices globally rose from just over 6,000 in 2019 to more than 8,000 in 2024, and is expected to exceed 10,000 by 2030. Estimated wealth held by families with family offices grew from a little over $3 trillion in 2019 to more than $5 trillion in 2024. The growing complexity of these holdings has drawn accountants, tax specialists and other service providers into the ecosystem.
Leasing data underscores the local impact. Blanca Commercial Real Estate reported that 15 percent of new Miami leasing activity in the second quarter of 2026 was tied to financial services expansions, including family offices. Deloitte's survey of 354 single-family offices found average assets under management of $2 billion in 2023, though that average includes prominent family offices. Research from Altss indicates more than 120 family offices are already set up in the Miami area, with median AUM of $350 million.
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