As long-time staffers continue to retire or strike out for greener pastures, the paper's executives have apparently decided they were overly-optimistic and won't be needing the almost 160,000 sq. ft. of space they leased in 2012.
ExMiami reports that "Herald executives are working on subleasing 45,144 square feet of space in their new building..." More than 8,000 sq. ft. has already been sublet to a pre-school.
The paper has retained Blanca Commercial Real Estate, Inc. to help it rent out the remaining 37,000 sq. ft. of space.
But I've learned that due to continued staff defections, the Herald now needs much less space than the Doral building has to offer.
In the next few weeks, the few remaining Herald staffers will be moving back to Miami's urban core and working out of a smaller building.
Blanca Commercial Real Estate will try to help the paper sublease some of that space as well. I've gotten my hands on one of the ads that Blanca plans to unveil on its website in the next week or two.
Scroll down to see the ad.
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