NEW-Miami Occupier and Pricing Trends_C&W Q3 2023 RFS

Q3 2023 cushwakeofsouthfl.com

CUSHMAN & WAKEFIELD OF FLORIDA, LLC. 333 SE 2nd Ave. Suite 3900

Miami, FL 33131 +1 305 373 3400 cushwakesouthfl.com |

@CushWakeSouthFL

MARKET LEAD

AUTHORS

CONTRIBUTORS

ADDITIONAL SOURCES OF INFORMATION Statistical data is derived from third party sources; Costar, U.S. Bureau of Labor Statistics and Economic Analysis, Florida Department of Florida Department of Economic Opportunity, Miami area landlord and tenant representatives, Miami Herald, Miami Today, South Florida Business Journal, The Real Deal, The Next Miami, CRE Sources, Florida Dept. of Transportation, Downtown Development Authority, Curbed Miami/VOX Media, Coconut Grove Business Improvement District, Archpaper.com, beyondrealtygroup.com, University of Virginia’s Weldon Cooper Center for Public Service, U.S. Census Bureau, Goldman Properties, MDX Master Transportation Plan, Real Capital Analytics, Bloomberg, Miami International Airport, IATA, REBUSINESS Online, Bal Harbour Shops/Whitman Family Development, Euromonitor International, Florida Realtors and the National Association of Realtors, Orlando Business Journal, Florida Chamber of Commerce; Wynwood Business Improvement District; VISIT FLORIDA; WLRN.org; Commercial Observer. Office Market Statistics: For purposes of this report, raw data (derived solely from Costar and area landlords) includes a proprietary defined set of competitive office buildings for lease comprising 30,000 SF and larger and generally exclude medical, government, owner-occupied and most office condo product. As such, no relevant comparison can be made to other Cushman & Wakefield statistical reports. About Cushman & Wakefield: Cushman & Wakefield is a leading global real estate services firm that helps clients tranSForm the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

WANDA RILEY Managing Principal Florida +1 407 541 4387 wanda.riley@cushwake.com

ERIC MESSER Senior Research Manager Florida Research +1 954 377 0519 eric.messer@cushwake.com

ALEXIS FORREST Research Analyst Southeast Region +1 404 682 3435 alexis.forrest@cushwake.com

CONNOR STEELE Research Analyst Tampa +1 305 533 2877 connor.steele@cushwake.com

JOSE SIME Senior Graphic Designer Miami / Ft. Lauderdale +1 305 533 2887 jose.sime@cushwake.com

CONNOR SALZMAN Research Analyst Ft. Lauderdale +1 954 377 0493 connor.salzman@cushwake.com

Copyright © 2023 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources considered to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy. Licensed Real Estate Broker.