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Office Statistics

United States | Miami, FL

Report | Miami Office Statistics - Q1 2011

Summary

Vacancy (20.1%) and asking rates ($30.98 per s.f.) remained relatively flat year-end 2010. This is true for both the Class A and Class B segments of the market.

Reversing last year’s substantial new occupancy gains, Miami’s year-to-date absorption was negative this quarter but by less than 78,000 square feet.  This occurred in the Class B segment of the market while a small gain in new occupancy was posted among Class A product. 

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