• Leasing activity reached almost 800,000 sq. ft. demonstrating continuing demand for office space in Miami.
  • Tenants requirements currently total 1.0 million sq. ft. Financial services, business services (which includes co-working providers), and legal are the top industries in the market.
  • New office completions in the Aventura, Biscayne Blvd., Coconut Grove and Miami Beach submarkets are scheduled to increase inventory by another 262,000 sq. ft. by the end of 2019.
  • Total office construction in the market reached 1.9 million sq. ft. The largest project is 830 Brickell Plaza delivering 533,268 sq. ft. in 2022.