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Office Insight

United States | Miami, FL

Report | Miami Office Insight - Q1 2011

Summary

2011’s anticipated completion of another CBD trophy tower will bump Brickell’s Class A inventory up by nearly 16.0 percent and potentially propel vacancy above the 30.0 percent mark. For the overall CBD Class A sector, look for an impending 26.0 percent vacancy scenario upon delivery.

Looming supply on top of double-digit vacancies will lead to continued tenant favorable market conditions.  Scrutiny by landlords in terms of credit-worthiness of the tenant however remains at the forefront for deal execution, where confirming same applies to both large and smaller occupiers - even well-known corporate entities.

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