MIAMI—Brickell's vacancy rate is about 15%. That's down from about 24.6 percent since 2011, according to the latest data from the Miami Downtown Development Authority (DDA). Overall, the CBD posts a 20% vacancy rate, which is down from over 23% at the height of the recession.
The bottom line: Vacancy remains relatively high in the Miami DDA Office Area, it is well off its peak and we have experienced strong positive net absorption during several consecutive quarters.
So, the question is this: What are the aspects about Miami's CBD and office buildings that continue to attract tenants?
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