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Office Highlights

United States | Miami, FL

Report | Miami Office Highlights - Q1 2011

Summary

Most compelling news:  the financing/completion for the CBD’s last, under construction Trophy tower.  Brickell World Plaza will deliver 600,000 uncommitted square feet this year which will certainly put a lid on any landlord thoughts for raising rates.
Along with the two buildings delivered last year, look to the higher rates being reserved for the dwindling best spaces with views.
Although there is movement towards achieving $40.00 per square foot, for new product this remains well below pre-construction, pro forma pricing anticipated at the $50.00+ per square foot mark.

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