• Net absorption during Q1 2019 was 211,841 sq. ft., with 101,917 sq. ft.in the downtown submarkets and 109,924 sq. ft. in the suburban submarkets.
  • New to market tenants are currently seeking to occupy over 215,000 sq. ft. in the coming months.
  • Tenants seeking space in the market have requirements for 1.4 million sq. ft. Business services, which includes co-working providers, legal and financial services were the top industries in the market.
  • New office construction, primarily in Brickell, Wynwood, Coral Gables, Coconut Grove is scheduled to increase inventory by another 490,000 sq. ft. in 2019.