• Total vacancy was 10.5% in Q2 2018, declining 30 bps quarter-over-quarter and 50 bps year-over-year.
  • Net absorption (move-ins/move-outs) during Q2 2018 was 144,524 sq. ft., with 91,257 sq. ft.in the downtown submarkets and 53,267 sq. ft. in the suburban submarkets.
  • New-to-market tenants are currently seeking to occupy over 270,000 sq. ft. in the coming months.
  • Tenants seeking space in the market have requirements for 1.4 million sq. ft. Business services, which includes co-working providers, legal and financial services were the top industries in the market.
  • Miami ranked #8 out of the top 50 metros in the U.S. for “Best Places for Job Seekers in 2018” from data collected by job site Indeed on CNBC.com