REPORT: Miami Office Market Continues Positive Drive

Jul 25, 2013 No Comments by

Benefitting from foreign investment and Latin American influence, the Miami market continues to make incremental strides towards recovery, according to Transwestern’s Miami-Dade County Office Market Trends Report 2Q2013.

Overall, office vacancies of 20.3% have dropped 230 basis points in the last 18 months.

The return of organic, sustainable tenant growth bodes well for overall office market fundamentals. Market-wide average asking rates have inched up over the prior year to $30.65 per square foot, with even larger gains for buildings achieving an occupancy rate of above 90%.

CLICK HERE TO DOWNLOAD THE FULL REPORT

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Industry News, Miami-Dade County Office, Office
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