Peter Thiel’s family office secured about 18,158 square feet (1,687 square meters) of office space on the 44th floor of Miami’s 830 Brickell tower in June 2026, leasing at approximately $250 per square foot. This marks the most expensive office lease in Miami’s history, with rent roughly five times higher than the city’s average office lease price [1, 2].
The 830 Brickell tower, which rises 55 floors, houses prominent finance and technology firms including Citadel Securities, Thoma Bravo, Microsoft, and Banco Santander [2]. Thiel Capital is taking over the space vacated by Banco Master, which collapsed in 2025 amid a major fraud investigation in Brazil. Banco Master had originally signed Miami’s prior most expensive office lease in 2024 but never occupied the premises [2].
Peter Thiel is a co-founder of PayPal and Palantir Technologies and a noted investor in companies such as SpaceX. As of 2026, his net worth is estimated at $23.6 billion according to the Bloomberg Billionaires Index [1, 2].
Thiel has owned a home in Miami Beach for over five years and announced plans at the end of 2025 to open a Thiel Capital office in Miami’s Wynwood neighborhood, expanding his presence in the city [2]. Florida’s lack of state income tax and a proposed November ballot initiative to reduce property taxes continue to attract affluent residents and investors relocating from higher-tax states [2].
The 830 Brickell lease negotiation and signing completed in early June 2026, finalizing one of the most high-profile real estate deals in Miami’s commercial market this year [1, 2].
