Commercial
2012 MIAMI OFFICE MARKET STATISTICS
| Submarket |
Rentable
Building Area
SF |
Total
Vacancy Rate
% |
Avg
Direct Asking Lease Rate
(FSG) |
| Central Business District: |
| Brickell |
7,151,802 |
19.9% |
$38.23 |
| Downtown Miami |
7,442,092 |
19.2% |
$33.03 |
| Suburban (Major Submarkets): |
| Airport West |
9,748,864 |
19.8% |
$24.78 |
| Aventura |
1,269,746 |
12.5% |
$30.39 |
| Biscayne Blvd. |
1,214,469 |
37.4% |
$26.84 |
| Coconut Grove |
1,073,406 |
14.0% |
$30.28 |
| Coral Gables |
6,303,379 |
17.5% |
$33.06 |
| Kendall |
3,441,300 |
15.5% |
$26.20 |
| Miami Beach |
1,863,532 |
9.2% |
$31.72 |
| Miami Lakes |
1,523,917 |
24.1% |
$23.24 |
| North Miami |
1,397,369 |
23.3% |
$20.78 |
| Other |
1,354,816 |
13.9% |
$19.50 |
| South Dade |
467,756 |
34.6% |
$22.72 |
|
|
|
|
| Source: CB Richard Ellis, Second Quarter 2012 |
|
2012 MIAMI INDUSTRIAL MARKET STATISTICS
| Submarket |
Rentable
Building Area
SF |
Total
Vacancy Rate
% |
Avg
Direct Asking Lease Rate
(IG) |
| Major Submarkets: |
| Airport/Doral |
57,265,695 |
7.3% |
$9.12 |
| Central Dade |
39,460,724 |
7.2% |
$5.03 |
| Hialeah |
13,474,273 |
5.3% |
$5.79 |
| Kendall/Tamiami |
12,534,351 |
2.9% |
$9.41 |
| Medley |
36,682,222 |
3.9% |
$6.94 |
| Miami Lakes |
7,314,642 |
5.9% |
$7.64 |
| North Central Dade |
37,070,721 |
7.4% |
$6.61 |
| North East Dade |
3,150,821 |
6.3% |
$5.71 |
| South Dade |
4,756,108 |
5.3% |
$6.69 |
|
|
|
|
| Source: CB Richard Ellis, Second Quarter 2012 |
|
2011-2012 Annual Report
Financial Reports
The Miami-Dade Beacon Council, Inc.
Financial Statement as of September 30, 2012 and 2011, along with the
Required Communications Report.
General Computer Controls Report, IT Audit.
The Beacon Council Economic Development Foundation, Inc.
Financial Statement as of September 30, 2012 and 2011, along with the
Required Communications Report.
Agreed Upon Procedures
Report on Completed Projects Audit.
Form 990’s
The Miami-Dade Beacon Council, Inc.
The Beacon Council Economic Development Foundation, Inc