MIAMI—Recent reports indicate that rental rates in Miami's CBD are among the highest in the country. While that may be true, the reality is that rental rates are just now stabilizing, reaching what they were in 2008. Based on the demand for office space in the area, its arguable that the prices should be higher.
GlobeSt.com caught up with Donald Cartwright, senior vice president of JLL, to get his thoughts on changes in rental rates and how occupancy rates will impact the market in the quarters ahead in part one of this exclusive interview. Be sure to come back to this afternoon's Miami edition for part two.
GlobeSt.com: How would you describe the changes in rental rates in Miami from pre-recession to now?
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
