| Market
Overview for Tri-County Area |
| Miami-Dade,
Broward and Palm Beach County |
| |
Year
End 2005
|
| |
Real
Estate Market - Office |
| |
Palm
Beach |
Ft.
Lauderdale |
Miami-Dade |
| Vacancy
|
9.9%
(down from 13.3% a year ago) |
9.2%
(down from 16% a year ago) |
12.75%
(down from 15% a year ago) |
| Effective
Rent |
$19.64
(down from $19.83 a year ago) |
$19.15
(up from 17.84 from a year ago) |
$19.86
(up from 19.21 from a year ago) |
|
|
|
|
|
Real
Estate Market - Retail
(commmunity and neighborhood only) |
|
Palm
Beach |
Ft.
Lauderdale |
Miami-Dade |
| Vacancy
|
4.2%
(down from 5.6% a year ago) |
5.6%
(down from 6.6% a year ago) |
3.6%
(down from 4.7% a year ago) |
| Effective
Rent |
$17.58 (up from
$16.66 a year ago)
|
$14.72
(down from $14.85 a year ago) |
$19.07
(up from $18.68 a year ago) |
|
|
|
|
| |
Real
Estate Market - Apartment |
|
Palm
Beach |
Ft.
Lauderdale |
Miami-Dade |
| Vacancy
|
5.4%
(down from 9.6% a year ago) |
3.0%
(down from 5.3% a year ago) |
3.2%
(down from 6.4% a year ago) |
| Effective
Rent |
$980
(up from $933 a year ago) |
$966
(up from $920 a year ago) |
$968
(up from $934 a year ago) |
| |
|
|
|
|
Real
Estate Market - Industrial |
|
Palm
Beach |
Ft.
Lauderdale |
Miami-Dade |
| Vacancy
|
4.3%
(down from 8.5% a year ago) |
6.2%
(down from 9.5% a year ago) |
6.8%
(down from 8.9% a year ago) |
| Effective
Rent |
$6.39
(down from $7.44 a year ago) |
$7.03
(Down from $7.36 a year ago) |
$5.44
(no change from prior year) |
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Check
out updated market information for each classification of property |
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