Your work-from-home setup has some new competition: luxury office suites.

• Luxury office suites are the newest part of the ultra-wealthy work-from-home experience.
• The Ritz-Carlton Residences, Miami Beach, has begun offering private office suites to existing residents after the onset of the pandemic, starting at $580,000.
• The new amenity comes as developers and architects embrace new plans as a result of the pandemic’s impact on home and work life.

With the pandemic’s push to remote work signaling heightened demand for extra, private work space, some developers have recognized an opportunity.

One of them is Ophir Sternberg, founder and CEO of Lionheart Capital and the developer behind the recently completed Ritz-Carlton Residences, Miami Beach, a development of 111 waterfront luxury condos and 15 stand-alone villas that start at $2 million and are now offering private office suites to residents seeking to elevate their at-home work experience.
 

 
Sternberg said the Ritz-Carlton’s private suites can be purchased as ancillary space to host family members or nannies.

“We decided to add to the concept by realizing these spaces into private home offices to fit the demand of our residents. These home offices are practical, and offer the utmost privacy and convenience. They are unattached to the buyers’ homes and a quick elevator ride away.”

Starting at $580,000 and available only to existing residents, Sternberg said buyer interest in office units keeps climbing. Five of the seven private spaces have already sold.

“With COVID-19 accelerating the work-from-home trend, we immediately thought to switch the concept of our private guest suites into home offices and have received a positive response from our residents,” Sternberg said of the new amenity, adding that their management team ensures proper sanitation oversight when it comes to property common areas.
 

 
In terms of size, the office spaces range from 460 square feet to 560 square feet and have floor-to-ceiling windows facing a meditation garden. “The design possibilities are endless,” Sternberg said. “Residents can add as many monitors as they would like, a standing or treadmill desk, even a Peloton.”

Sternberg added that the development is the only space in all of Miami to offer the amenity to residents as a limited common element, where no extra tax or maintenance payments result from use of the added space.

Though only available to a select few, the movement towards luxury private office space suggests the pandemic may change development for the long term, and points to what new elements of design may be front of mind for architects and developers in the post-pandemic world.

Read More in Business Insider.