What is the lease rate per square foot?

The lease rate is $250 per square foot, a record for Miami-Dade County.

Does this deal affect Palantir (PLTR) stock?

No, the deal is for Thiel's family office and does not directly impact Palantir.

Peter Thiel's Family Office Signs Record Lease at 830 Brickell

Peter Thiel's family office has signed a record lease at 830 Brickell tower in Miami, taking 18,200 square feet on the 44th floor at $250 per square foot. The space was previously occupied by the collapsed Brazilian bank Banco Master.

June 4, 2026

2 min read

Source: The Real Deal

Key Numbers

lease rate

$250 per square foot

square feet

18,200

floor

44th

Peter Thiel's family office, the investment vehicle of the billionaire co-founder of Palantir Technologies (PLTR), has signed a record lease at 830 Brickell tower in Miami, according to a Bloomberg report citing an anonymous source.

Deal Details

The lease covers approximately 18,200 square feet on the 44th floor at a rate of $250 per square foot, the highest ever recorded in Miami-Dade County. The space was previously occupied by Banco Master, a Brazilian bank that recently collapsed. The lease term and total value were not disclosed.

Context

The deal highlights the booming commercial real estate market in Miami, which has attracted financial and technology firms. 830 Brickell, owned by OKO Group and Cain International, is one of the most prestigious office towers in the area.

What This Means for Investors

The lease signals growing confidence in Miami as a financial and tech hub, but does not directly impact Palantir (PLTR) or PayPal (PYPL), companies with which Thiel is associated.

Frequently Asked Questions

The family office leased 18,200 square feet on the 44th floor of 830 Brickell.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.