During the real estate boom years, there was plenty of talk about the promise of downtown Miami. When the real estate market crashed, it stymied the development of a true live, work and play urban core.
Much of the condo inventory has been absorbed, but much of the office space in the Central Business District (CBD) remains unoccupied. Still, the fall out is not as bad as some has hoped and many industry watchers are still bullish on the short-term, much less the long-term, promise of downtown Miami.
GlobeSt.com caught up with Tere Blanca, president and CEO of Blanca Commercial Real Estate, to talk about the state of downtown Miami’s office market, as well as recent successes in the CBD.
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