South Florida Office Sector Report (Q2 2016) (PDF)

Savills Studley Reports - Q2 2016 (Miami)

South Florida’s office market continues to show a slow but steady decline in availability as leasing remains relatively steady and new construction activity is being held in check. Turbulence in global markets continues to have a bigger impact on the residential sector, particularly luxury condo sales, but could eventually impede commercial leasing and sales if it intensifies.

Miami SERI Report (2016) (PDF)

Tenants will encounter additional rental rate growth in 2016, particularly for buildings in amenity-rich Coral Gables and view space in Brickell. New construction is still very limited and asking rent for upper floors is exceeding $50.00/sf in select buildings. Tenants will have to explore suburban locations to find remaining value-plays in this market.

National SERI Report (2016) (PDF)

For the fifth straight year, tenants faced higher effective rent for premium Class A space in nearly all major U.S. CBDs. A distinguishing factor in 2015 was the acceleration of rental rate growth in many of the "late recovery" markets such as Atlanta, Chicago, and Los Angeles.

Miami Retail Snapshot Q1 2015 (PDF)

The Miami retail market (Neighborhood & Community Shopping Centers) ended Q1 2015 with a vacancy rate of 6.7%. The rate decreased from the previous quarter’s rate of 6.8% and decreased from the rate one year ago (7.1%). Neighborhood Shopping Centers reported a vacancy rate of 8.7% for the quarter, which decreased from the rate of 9.5% twelve months ago. Meanwhile, Community Shopping Centers reported a vacancy rate of 4.9% for the quarter, which decreased from the rate of 5.0% twelve months ago.

Market Boundaries - South Florida (PDF)
PDF map showing definition of market boundaries as used in reports
New Construction Heads North to Palm Beach

Market Insights - 06/07/16 (Miami)

Back to Research Home