New Office Space on Horizon for Miami-Dade
About a million square feet of office space is under construction in Miami-Dade--a dramatic turnaround for a largely overlooked sector.
August 07, 2015 at 01:20 PM
4 minute read
About a million square feet of office space is in the construction pipeline for Miami-Dade—a dramatic turnaround for a sector largely overlooked in the burgeoning post-recession market.
A new report by CBRE Inc.'s global research arm shows nearly 998,000 square feet of offices are to be built by 2017, bringing new Class A options for the first time in years to some parts of Brickell, Aventura, Coral Gables, Doral and downtown Miami.
“The more forward-thinking developers are looking to capitalize on new office space at a time when you've had job growth,” CBRE senior vice president Shay Pope said.
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