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Is Miami Really the Most Expensive Office Market?

MIAMI—Recent reports indicate that rental rates in Miami's CBD are among the highest in the country. JLL's Donald Cartwright gives GlobeSt.com's Jennifer LeClaire some perspective.

By Jennifer LeClaire | Updated on March 25, 2015

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.

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