3Q 2017 - Miami Occupier and Pricing Trends

KENDALL / SOUTH DADE PRICING HIGHLIGHTS

Pricing fundamentals for Class Abuildings have remained above the $40.00 PSF average since third quarter 2016. Quotes reached $40.68 PSF at third quarter, a record high for the sector. Among Class B assets, third quarter registered $26.69 PSF, a figure which has mostly stayed in this range over the last four quarters and among the historical highest posted. At the Datran Center project, third quarter asking rates ranged from $40.00-$43.00 PSF while Dadeland Centre’s quotes ranged from $38.00-$40.50 PSF. For the last remaining vacant space at Dadeland @ 9700, the asking rate was $32.00 PSF for the upcoming penthouse office (9,600 SF), to come online at year-end. Kendall Summit’s rates ranged from $29.50 PSF to $32.50 PSF.

INVESTMENT SALES DURING 3Q 2017

No buildings traded during the quarter.

Dadeland Centre I

Dadeland Centre II

Datran Center

Cushman & Wakefield of Florida, Inc. / 43