Speculation of Miami Office Buildings Hanging On – The Real Deal

August 10, 2016

New reports show the number of speculative office projects in Miami is starting to kick off, despite the flattening vacancy rate.

According to a mid-year report, Miami’s vacancy rate is slowly increasing, standing at 14.2% now, yet absorption rose to 1.2 million Sq. Ft. especially noted in suburban submarkets.

High absorption rate is a welcome change for the office market in Miami, which during the last real estate bust suffered some damage, struggling with high vacancies and a period of oversupply, but the city is now heading past that.

Read more

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s