Search
 

Are Rising Rents Causing CBD Tenants to Scatter?

MIAMI—JLL's Donald Cartwright tells GlobeSt.com's Jennifer LeClaire what he sees companies basing locational decisions on—and what role rising rental rates play.

By Jennifer LeClaire | Updated on March 26, 2015

MIAMI—There’s been some talk about Miami office users moving north. Is the real and perceived increase in rental rates causing businesses to move out of Miami’s CBD to other emerging South Florida submarkets? After all, some have said that Miami is the most expensive office market.

It’s definitely true that some office users are moving outside the urban core. Some are moving to Coral Gables. Others to Airport West. Still others are moving to Fort Lauderdale or even Boca Raton. We also know that rental rates are impacting renewals.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.