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Office markets roaring into 2018

Dec 28, 2017

The Coral Gables office market continues to be steady and reliable, observers say. “In the big picture, Coral Gables is solid,” said Donna Abood, principal and managing director of Avison Young’s Miami operations. “It never has major shifts, because of the value of the city overall.

“In 2018, we expect a stronger first quarter than we had this year, and the second quarter will be stronger than the first, because of pent-up demand,” she said in late November. “We’re very encouraged.” That’s not to say there’s no competition, however. Miami Central, two mixed-use buildings in the new All Aboard Florida station, is drawing strong interest, and there is speculation that Swire Properties will embark soon on the second phase of Brickell City Centre, which will include a class A office building. Miami Worldcenter will add 500,000 square feet of offices, she said. “There’s a lot of space coming on line.”

 



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