Newmark Group Inc.

04/23/2026 | Press release | Distributed by Public on 04/23/2026 08:31

Newmark Named Exclusive Leasing Agent of The Doris, an Eight-Story Office Project in Miami

April 23, 2026 9:00 AM

Newmark announces it has been appointed as the exclusive listing agent for The Doris, an eight-story boutique office development in the heart of Miami's Wynwood neighborhood. In tandem, owners Lombardi Properties and Fox Farm Capital announce the project's structural completion, representing a key construction milestone as the development advances toward its expected delivery in June.

Newmark Senior Managing Director Jeremy Hakala and Managing Director Matt Himmelsbach are the listing agents for the project.

"The Doris presents a rare opportunity to secure high-quality, flexible spec space in one of Miami's most creative and walkable districts," said Himmelsbach. "With immediate access to a vibrant mix of dining, culture and entertainment, the project is ideally positioned for companies seeking an inspiring live-work-play environment."

Upon full completion, The Doris will offer approximately 27,000 square feet of boutique office space and 1,800 square feet of ground-floor retail. The development will feature 14 design-forward, move-in-ready spec suites averaging just under 2,000 square feet and offer the ability to combine suites for larger floorplates. Each suite is thoughtfully built with high-end finishes, including a kitchenette, two private offices, a private restroom and a private terrace, providing tenants a turnkey solution designed for modern workplace needs.

Located at 153 NW 25th Street, The Doris is surrounded by a dynamic mix of top-tier dining, nightlife and cultural amenities. Just steps away are popular destinations such as Pastis, Uchi and KYU, along with beloved local staple Zak the Baker. The project also benefits from close proximity to Wynwood Walls, the neighborhood's iconic outdoor art destination, as well as a dense concentration of galleries, boutiques and entertainment venues.

"The Doris will provide Wynwood with move-in ready office space in a new construction building for small to medium-sized tenants," said David Lombardi, Broker and Principal of Lombardi Properties. "This is a gap we saw in the market where tenants either had to go into older converted buildings or larger new construction space, typically not move-in ready. We hope this building makes Wynwood's office ecosystem more dynamic and helps it continue to thrive."

The Miami-Dade County office market continues to be shaped by a flight-to-quality trend, according to Newmark Research, with tenants increasingly rightsizing into smaller, amenity-rich spaces. In Q4 2025, the market posted negative net absorption of 99,330 square feet, while Class A vacancy rose 60 basis points quarter-over-quarter to 19.5%. Average Class A asking rents climbed 3.6% quarter-over-quarter to $69.85/SF, underscoring strong demand for high-quality, turnkey office product.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2025, Newmark generated revenues of nearly $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

Newmark Group Inc. published this content on April 23, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 23, 2026 at 14:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]