3Q 2017 - Miami Occupier and Pricing Trends

WYNWOOD | MIDTOWN | DESIGN DISTRICT DEMAND HIGHLIGHTS

Office-using tenants were typically smaller users and comprised those in the creative, media/entertainment, tech and complementary professional support services. Some of the more mainstream existing office tenants included wealth management investors, Harbor Ithaka and national construction company, Moss & Associates. Among the most prolific and larger office occupiers were co-working and flexible workspace providers. Current providers have 11 locations here. Davinci Meetings & Coworking has three locations within this area and, along with Buro, have a presence in several other Miami submarkets. Co-working entities are seeking to capitalize on the area’s eclectic “cool factor” and its draw of start-ups and a younger, demographic creative-user base. Last year brought some of the more familiar tech and entertainment firms to the area. Occupying space in a renovated warehouse were publicly traded Scripts Network (the national media network giant) and GoPro, the U.S. tech/camera manufacturer.

Cushman & Wakefield of Florida, Inc. / 20