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Relative supply and demand most aligned in the 10,000 to 30,000 square foot range/693/miami-2-19-18-relative-supply-and-demand<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/abstract-modern-urban-architecture-abstract-background-jll.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/693/miami-2-19-18-relative-supply-and-demandRelative supply and demand most aligned in the 10,000 to 30,000 square foot range​Relative supply and demand (the distribution of supply and demand across submarkets) align most closely in the middle segment of the office market (10,000 to 30,000 square feet), with the CBD supplying the lion’s share of space.
As vacancy rises in Downtown and rents skyrocket in Brickell, tenants may gravitate North of the Miami River/654/miami-2-5-18-tenants-gravitate-north<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-exterior-high-rise.png?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/654/miami-2-5-18-tenants-gravitate-northAs vacancy rises in Downtown and rents skyrocket in Brickell, tenants may gravitate North of the Miami River​Ever since the redevelopment of Brickell in the 1970s from a low-density enclave of Miami’s elite to a high-density urban neighborhood, Miami’s CBD has been split north-south across the Miami River.
Largest leases are getting larger in land constrained Miami, and having to rely on BTS options as of late/614/miami-1-22-18-large-leases-are-getting-larger<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-office-block-windows-bangkok.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/614/miami-1-22-18-large-leases-are-getting-largerLargest leases are getting larger in land constrained Miami, and having to rely on BTS options as of late​Large leases (100,000 – plus square feet) are a rarity for the market, yet large deals are only getting larger.
Florida is a low-cost technology hub/517/florida-12-4-17-low-cost-tech-hub<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/technology-printed-circuit-board.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/517/florida-12-4-17-low-cost-tech-hubFlorida is a low-cost technology hub​The four major metros of Florida are all top 50 tech markets nation-wide.
Florida airports lead the way for affordability/478/florida-11-13-17-airport-affordability<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/transportation-plane.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/478/florida-11-13-17-airport-affordabilityFlorida airports lead the way for affordability​In a recent report analyzing which airports are the least costly, Fort Lauderdale-Hollywood international ranks first among the 45 busiest domestic airports.
Florida has best business tax climate among large states/455/florida-11-6-17-best-business-tax-climate<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/landscape-buildings.jpg" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/455/florida-11-6-17-best-business-tax-climateFlorida has best business tax climate among large states​Florida ranked fourth in The Tax Foundation’s State Business Tax Climate Index for 2018, and ranks in the top ten for individual income tax (#1), unemployment insurance tax (#2), and property tax (#10).