| Market
Overview for Tri-County Area |
| Miami-Dade,
Broward and Palm Beach County |
| |
Year
End 2004 |
| |
Real
Estate Market - Office |
| |
Palm
Beach |
Ft.
Lauderdale |
Miami-Dade |
| Vacancy
|
13.3%
(down from 15% a year ago) |
16%
(down from 18.1% a year ago) |
15%
(down from 15.8% a year ago) |
| Effective
Rent |
$19.83
(up from $19.20 a year ago) |
$17.84
(up from 17.43 from a year ago) |
$19.21
(up from 18.94 from a year ago) |
|
|
|
|
|
Real
Estate Market - Retail
(commmunity and neighborhood only) |
|
Palm
Beach |
Ft.
Lauderdale |
Miami-Dade |
| Vacancy
|
4.6%
(down from 5.7% a year ago) |
6.6%
(up from 6.4% a year ago) |
4.7%
(Unchanged from last year) |
| Effective
Rent |
$16.66
(up from $15.65 a year ago)
|
$14.85
(up from $14.48 a year ago) |
$18.68
(up from $17.85 a year ago) |
|
|
|
|
| |
Real
Estate Market - Apartment |
|
Palm
Beach |
Ft.
Lauderdale |
Miami-Dade |
| Vacancy
|
9.6%
(down from 10.2% a year ago) |
5.3%
(down from 5.7% a year ago) |
6.4%
(down from 6.8% a year ago) |
| Effective
Rent |
$933
(up from $856 a year ago) |
$920
(up from $889 a year ago) |
$934
(up from $897 a year ago) |
| |
|
|
|
|
Real
Estate Market - Industrial |
|
Palm
Beach |
Ft.
Lauderdale |
Miami-Dade |
| Vacancy
|
8.5%
(down from 8.9% a year ago) |
9.5%
(up from 9.2% a year ago) |
8.9%
(down from 9.8% a year ago) |
| Effective
Rent |
$7.44
(down from $7.54 a year ago) |
$8.36
(up from $7.23 a year ago) |
5.44
(up from $4.99 a year ago) |
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Check
out updated market information for each classification of property |
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