MIAMI-DADE COUNTY RETAIL
| Submarket |
Rentable
Building Area
SF |
Total
Vacancy Rate
% |
Avg
Direct Asking Lease Rate
(NNN) |
| Major Submarkets: |
| Aventura |
2,923,117 |
7.1% |
$21.28 |
| Carol City/Opa Locka |
1,780,948 |
5.6% |
$23.26 |
| Central Miami |
221,338 |
8.1% |
$15.00 |
| Coral Gables |
6,289,302 |
3.7% |
$33.60 |
| Cutler Bay |
1,131,998 |
8.9% |
$18.31 |
| Doral/Medley |
1,757,169 |
3.3% |
$24.47 |
| Downtown Miami |
1,146,436 |
4.0% |
$42.50 |
| East Kendall |
3,849,707 |
7.0% |
$32.15 |
| Hialeah |
4,781,763 |
3.7% |
$21.87 |
| Homestead |
2,646,212 |
2.7% |
$13.06 |
| Miami Beach |
1,709,867 |
7.0% |
$107.09 |
| Miami Lakes |
1,467,943 |
6.9% |
$22.22 |
| Miami Shores |
1,260,154 |
10.4% |
$14.81 |
| North Miami |
640,827 |
7.1% |
$26.08 |
| West Kendall |
4,631,064 |
6.2% |
$22.96 |
| West Miami |
4,492,356 |
4.4% |
$24.17 |
| |
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| Source: CB Richard Ellis, Second Quarter 2012 |
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