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United States | Miami, FL

Report | Miami Office Insight - Q3 2015

Summary

Miami-Dade County local non-agricultural employment increased to 1.1 million jobs in August, the fastest month-on-month pace of job creation since October 2012 and the 62nd consecutive month of job growth in the County. This has led to an unemployment rate of 6.3 percent. 

Of the 5,500 jobs created quarter-to-date, 29.1 percent stemmed from expansion of the office-using professional and business services sector, which is up 3.2 percent year-over-year. The County's strong employment gains have resulted in a vacancy decline of 0.6 percentage points.

Learn more about what’s happening—and what we expect to occur in the coming months—in the Miami office market.

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