Carnival Corporation is in the process of selling its longstanding headquarters in Doral, Florida, with plans to relocate to a more modern and compact office space within the Miami area.
The company has operated from its headquarters on Northwest 87th Avenue in Doral for ~3 decades, having acquired the site in late 1994 for US$23 million, which was assessed to have a market value of US$66.1 million in 2023, according to county property appraisal records.
Carnival has engaged Cushman & Wakefield to oversee the sale of the property.
The company aims to secure ~300,000 ft2 (27,870 m2) for its new office, signaling a notable 1/3rd reduction (~36%) from its current space. This downsizing aligns with a broader trend toward more streamlined utilization of office space, potentially influenced by hybrid work arrangements and technological advancements.
While Carnival continues to operate from its existing Doral headquarters, it is actively exploring potential new locations over the next 2 years.
Carnival's strategic real estate decisions reflect a larger trend observed among cruise operators reassessing their office requirements in the post-pandemic era. For example, MSC Group has committed to occupying 130,000 square feet (12,077 m2) in a new mixed-use development near downtown Miami and is in the process of constructing a new cruise terminal at PortMiami. Similarly, Royal Caribbean Group has initiated the construction of a new 380,000-square-foot (35,303 m2) headquarters at PortMiami, emphasizing a significant investment in cutting-edge facilities to support operational expansion and enhance employee engagement.