Retail

MIAMI-DADE COUNTY RETAIL MARKET

Market Vacancy (%) Average Asking Rental Rate ($/SF)
Aventure/N. Miami Beach 3.0% $30.44
Carol City/Opa Locka 3.5% $16.34
Coral Gables/S. Miami 2.3% $42.91
Cutler Bay 3.5% $30.60
Doral 1.3% $30.04
Downtown 3.9% $53.68
Kendall East 1.1% $37.62
Hileah/N. Miami Lakes 3.2% $22.79
Homestead 2.9% $22.39
Little Havana 4.2% $23.99
Miami Beach 0.0% $27.50
Miami Shores/N. Miami 5.4% $19.61
Kendall West 2.5% $36.23
Source: CB Richard Ellis, 1Q07 Retail MarketView