Jerad Graham, PA’s Post

Miami Office Market Resilience Miami’s office market is experiencing a unique situation where there’s a notable increase in the amount of new office space being delivered (12-month deliveries), even though there’s also a negative net absorption, meaning more space is being vacated than leased. This has led to an increase in vacancy to 8.8 %, still better than most markets throughout the country. Despite these challenges, rent levels have remained stable, which suggests that the demand for high-quality office space is still there, reflecting resilience in this market. #MiamiRealEstate #OfficeMarketTrends #CommercialRealEstate

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