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Miami MarketBeat Reports

Chris Owen • 10/15/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

Learn more about our local markets and property types by clicking our most recent Miami MarketBeat reports below.

 

Upon the arrival of COVID-19 in the U.S., the economy entered a recession in March 2020, recording the worst decline in post-war history in Q2 2020. Mounting evidence indicates that the recovery began in May or June with Q3 2020 data likely reflecting that. But, until there is a public health resolution to the pandemic, the recovery is likely to remain uncertain and gradual. Only then can households and businesses become more confident.

Current Marketbeats

Office MarketBeat Report
Q3 2020 Miami Office Report

Overall office vacancy in Miami ended the third quarter at 14.8%, an increase of 190 bps over last year and up 240 bps when compared to the end of 2019. Class A vacancy rose by 210 bps YOY to 17.0% with available space in Class B climbing by 380 bps to 15.3%. New construction deliveries were the main factor for the increase in vacancy. 

Miami Office MarketBeat Q3 2020

Industrial MarketBeat Report
Q3 2020 Miami Industrial Report

New leasing activity YTD was over 5.7 msf with 1.9 msf coming in the third quarter alone. The bulk of new leasing activity was in warehouse/distribution which comprised of 91% of the total YTD. 

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Featured Insights: Current U.S. MarketBeats

Q3 U.S. Office MarketBeat Report Card Image
MarketBeat • Office

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 10/14/2020
Q3 U.S. MarketBeat Industrial Report Web Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 10/8/2020
Q3 U.S. Retail MarketBeat Report Card Image
MarketBeat • Retail

Shopping Center Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Garrick Brown • 10/14/2020

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