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Miami : Office market - 2015

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Miami : Office market - 2015

Unemployment in the Miami metro was back to early 2015’s 5.5% and among the lowest since mid-year 2008. Leading the Miami metro was the leisure and hospitality segment registering the highest growth rate at 5.0%. This coincides with Miami garnering a record-breaking year in travel, tourism, and hotel occupancy numbers. Through 2023, the highest growth rates for Miami are projected to be in the construction (22.6%), education/healthcare (17.0%) and the prime office using sector of professional/business services (15.2%). A tally of all industries during the projected timeframe point to office using jobs accounting for onequarter of this total.

Source : BNP Paribas Real Estate

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