3Q 2017 - Miami Occupier and Pricing Trends

MIAMI BEACH DEMAND HIGHLIGHTS

Year-to-date leasing activity totaled 88,000 SF, the majority of which occurred during the first two quarters of the year. Third quarter posted negative absorption (-56,000 SF), which was nearly evenly divided between Class A and Class B buildings.

At 555 Washington, financial services entity Centra Tech executed a 2,300 SF lease while Atlas Maintenance executed a 1,500 SF lease at Lincoln Place.

EXECUTED LEASES 3Q 2017 % Of Total By Employment Industry

MIAMI BEACH Executed Leases, 3Q 2017 % of Total by Employment Industry

Financial Services

Real Estate

39%

61%

Financial Services

Real Estate

Cushman & Wakefield of Florida, Inc. / 53