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Clear Proof of Miami CBD Office Space Demand

MIAMI— The report reveals volume of foreign capital chasing Miami Skyline office deals continues to grow and is having a large impact on pricing. But that's not all.

By Jennifer LeClaire | Updated on June 10, 2015

MIAMI—It’s no surprise that trophy office space is the by far the most expensive to lease. Would you believe that trophy office space sees rental rates 77% higher than other office buildings? That’s according to JLL‘s 2015 Digital Skyline.

Specifically, average trophy rates in the first quarter of 2015 were $57.97 per square foot compared to $32.70 per square foot in non-trophy buildings. JLL reports this gap between represents a seismic shift from historical spreads: 10 years ago, the difference was just 20.8%.

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