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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: 16-Nov-2009		 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) $ 43.00 $ 49.50 $ 44.27 92.0% 7.0%
Class A (Prime) $ 33.31 $ 43.73 $ 38.23 14.5% 7.0%
Class B (Secondary) $ 26.51 $ 31.57 $ 28.73 23.4% 6.5%
 
Suburban Office
New Construction (AAA) $ 31.59 $ 34.09 $ 32.27 85.0% 8.3%
Class A (Prime) $ 26.94 $ 38.03 $ 33.25 22.3% 8.5%
Class B (Secondary) $ 19.21 $ 36.12 $ 27.22 15.6% 8.8%
 
Industrial
Bulk Warehouse $ 5.53 $ 10.83 $ 7.41 10.1% 9.8%
Manufacturing N/A N/A N/A N/A N/A
High Tech / R&D $ 9.74 $ 19.33 $ 13.11 9.3% 9.4%
 
Retail
Downtown $ 25.83 $ 43.92 $ 31.86 4.7% 7.8%
Neigborhood Service Centers $ 14.75 $ 45.17 $ 24.48 7.0% 8.5%
Community Power Center $ 13.00 $ 45.00 $ 21.37 6.8% 7.9%
Regional Malls $ 14.00 $ 53.72 $ 31.19 2.3% 6.8%

Development Land Low () High ()
Office in CBD $ 3,250,000 $ 5,445,000
Land in Office Parks $ 653,400 $ 1,089,000
Land in Industrial Parks $ 348,480 $ 653,400
Office/Industrial Land - Non-park $ 435,600 $ 1,089,000
Retail/Commercial Land $ 653,400 $ 3,267,000
Residential $ 87,120 $ 5,445,000

 

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