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Miami, Florida

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Miami HQ
Last Updated: 25-Oct-2010		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 45.00 $ 46.50 $ 45.75 54.0% 6.8%
Class A (Prime) $ 32.00 $ 44.82 $ 36.59 21.8% 7.3%
Class B (Secondary) $ 24.76 $ 30.00 $ 27.52 15.0% 7.8%
 
Suburban Office
New Construction (AAA) $ 22.00 $ 43.01 $ 40.36 100.0% 9.3%
Class A (Prime) $ 19.00 $ 44.00 $ 28.73 20.2% 8.0%
Class B (Secondary) $ 12.00 $ 42.78 $ 21.37 13.9% 8.7%
 
Industrial
Bulk Warehouse $ 5.06 $ 11.39 $ 6.80 9.3% 8.0%
Manufacturing N/A N/A N/A N/A N/A
High Tech / R&D $ 6.01 $ 20.10 $ 11.61 8.8% 8.8%
 
Retail
Downtown $ 8.00 $ 47.50 $ 37.30 5.5% 7.3%
Neigborhood Service Centers $ 44.73 $ 59.95 $ 21.32 8.7% 7.8%
Community Power Center $ 13.00 $ 49.18 $ 24.73 6.6% 7.2%
Regional Malls $ 14.00 $ 51.26 $ 28.99 3.0% 6.3%

Development Land Low () High ()
Office in CBD $ 2,250,000 $ 5,000,000
Land in Office Parks $ 435,600 $ 1,000,000
Land in Industrial Parks $ 217,800 $ 653,400
Office/Industrial Land - Non-park $ 261,360 $ 1,000,000
Retail/Commercial Land $ 250,000 $ 3,000,000
Residential $ 50,000 $ 10,890,000

Footnote: Retail rental rates are quoted on a triple net basis. Industrial rental rates are qouted Industrial Gross i.e. net of utlities, janitorial and interior maintenance exculding mechanical systems..
 

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