The 2016 Urban Core Market Report - Metro1 · 2016 URBAN CORE MARKET REPORT KEY DEMOGRAPHIC DATA HIGHLIGHTS URBANIZATION TRENDS Today 54% of the World’s population are living in

1MIAMI’S 2016 URBAN CORE REPORT

PREPARED BY METRO 1 COMMERCIAL LLC

Copyright (c) Metro 1 Commercial

32PRESENTED BY:

METRO 1 COMMERCIAL MIAMI’S 2016 URBAN CORE REPORT

PRESIDENTTONY ARELLANOMetro 1 Commercial

VICE PRESIDENTPatricia BirchGallaher & Birch, Inc

Commercial Industrial Association of South Florida 11098 Marin Street, Coral Gables, FL 33156 Phone: 305-662-7115

[email protected] | www.ciasf.com

The 2016 Urban Core Market Report is a study designed

with the objective to explain the transformational evolution

of Miami’s Urban Core. The Transformation from a commuter

nine to five city to a 24/7 vibrant and growing metropolis.

The context of the report is a six year study that focuses on

identifying trends that contribute to property value creation

and fundamental stabilization of emerging sub-markets

within Miami’s Urban Core. The report was designed not

make predictions rather it was designed to help see the

forest through the trees by giving a macro perspective of

each micro sub-market thats makes up our city center.

-Tony Arellano

CIASF President/VP,Metro 1 Commercial

CO-TREASURERANDREW DIXONDixon Commercial Real Estate

CO-TREASURERLUIS VANEGASPopular Community Bank

SECRETARYJEFF HARTSOOKAmerica’s Commercial Real Estate

STEVE BEATUS Beacon Council

MARTY BUSECRUS HFF, LP

TOM BYRNE EWM

ERNESTO CASAL The Casal Group

VERONICA FLORESFirst National Bank of South Miami

FORD GIBSON Gibson Development

ZAC GRUBER Banyan Street Capital

SEBASTIAN JUNCADELLA Fairchild Parnters

JOSH KOHN Kohn Commercial

HAL LEWIS Pathman & Lewis

JORGE PENA AllSafe Insurance

GEORGE PINO State Street Realty

CARLOS RIVERO Regions Security

ADRIANA J. ROSILLO Colliers Internation

JUAN RUIZBlanca Commercial Real Estate

VIOLA SANCHEZ PS Business Parks

ELIZABETH SANTOS Sime Realty Corp

NOEL STEINFELD JLL

JOSE JUNCADELLA Fairchild Partners

KEN KRASNOW Colliers

JESSICA LEVY Levy Public Relations & Events

KEN KRASNOW Colliers

ACHIKAM YOGEVColliers

HORACIO STUART AGUIRRE HS Aguirre & Associates

CHIP BLACKBerkshire Hathaway

TOM DIXONDixon Commercial Real Estate

RONALD KOHNKohn Commercial Real Estate

MICHAEL SLIVER CB Richard Ellis

2015-2016 CIASF OFFICERS

URBAN CORE REPORT CONTEXT

PRESENTED BY

BOARD OF DIRECTORS

DIRECTORS EMERITUS

2016 URBAN CORE MARKET REPORT

KEY DEMOGRAPHIC DATA HIGHLIGHTS

URBANIZATION TRENDS

Today 54% of the World’s population are living in Urban Areas, and this number is projected to increase to nearly 66% by the middle of the century.*

It is estimated that starting 2010 the percentage of population in the United States residing in urban areas is expected to increase every five years at an average rate of 1%.**

Miami’s Population is expected to increase from 5,771,000 in 2014 to 6,554,000 in 2030.***

Miami is expected to become the 6th largest Urban area in the United States in 2030 only after Dallas/Ft Worth, Houston, Chicago, Los Angeles and New York respectively.****

*Source: United Nations Department of Economic and Social Affairs/Population Division 99. World Urbanization Prospects: The 2014 Revision. PG 1

**Source: United Nations Department of Economic and Social Affairs/Population Division 99. World Urbanization Prospects: The 2014 Revision. PG 213

***Source : United Nations Department of Economic and Social Affairs/Population Division 99. World Urbanization Prospects: The 2014 Revision

****Source: Cox, W. (2014, August 04). UN Projects 2030 US Urban Area Populations. Retrieved April 17, 2016, from http://www.newgeography.com/content/004464-un-projects-2030-us-urban-area-populations

Please note that the content of this report is for informational

purposes and should not be viewed as investment advice. Any

opinions are solely those of CIASF and Metro 1 Commercial and are

subject to change without notice, and may not be consistent with

market trends or future events. This report is based on current public

information that we consider reliable, but we do not represent it is

accurate, updated or complete, and it should not be relied as such.

Data Source: CoStar and Broker Opinion

54PRESENTED BY:


2923

45

67

89

4

26

48

70

92

71

51

73

95

10

32

54

76

3

25

47

69

91

6

28

50

72

94

9

31

53

75

2

24

46

68

90

5

27

49

71

93

8

30

52

74

11

33

55

77

12

34

56

78

15

37

59

81

18

40

62

84

21

43

65

87

13

35

57

79

16

38

60

82

19

41

63

85

22

44

66

88

14

36

58

80

17

39

61

83

20

42

64

86

2500 Biscayne156 Units

MiamiCentral

Le Parc128 Units

17 Edgewater240 Units

River VillageMixed Use

Paraiso Bayviews396 Units

East Coast Building11,500 SF

Echo Brickell180 Units

2,791 SF Retail

EE MiamiMixed Use

Capital at Brickell520,000 SF Retail

Mall At Worldcenter750,000 SF Retail

Brickell City Center780 Units

263 Hotel Rooms800,000 SF Mixed

Skyrise Miami248,221 SF Mixed

Innovation TowerMixed Use

Hampton Inn151 Units

4,400 SF Retail

Reach390 Units

Block 55Mixed Use

Transit Oriented

Hyde400 Units

40 Hotel Rooms21,745 SF Retail

Centro352 Units

Homewood Suites103 Units

Chelsea222 Units

170,564 SF Retail

One BrickellMixed Use

Paramount470 Units

Met Square392 Units

37,666 SF Retail

MarriottUnits

2,000 Units600K SF Convention

Resorts World Miami

864 Units

Liquid Lofts482 Units

District 36195 Units

63,946 SF Retail

East Hotel263 Keys

Hotel Indigo230 Rooms

Block 452.1 Acres Mixed

Use

Miami World Center1,200 Units

90,000 SF Retail

Langford HotelRestoration

130 Units

Atton Hotel275 Units

Vib Best Western200 Rooms

Riverwalk Towers1,749 Units300 Rooms

Wynwood Arcade20,000 SF Retail

Metropolitan 3462 Units

41,000 SF Retail

Canvas513 Units

10,000 SF Retail

Auberge290 Units

Banco Santander1M SF Mixed Use

The Edge130 Units

(Cancelled)

Rise390 Units

Brickell Flatiron552 Units

40,000 SF Retail

Innovation District

10.4 Acres

Midtown 5400 Units

Solitair400 Units

57 Boulevard398 Units

(Not Pictured)

Luma429 Units

The Crimson90 Units

SLS Lux450 Units

60 Hotel Rooms

Tryptich297 Units

86.935 SF Mixed

700 Biscayne

26 Edgewater86 Units

Brickell Ten155 Units

13,952 SF Retail

The Pearl300 Units

Empire World Towers

1,557 Units

Island Living70 Units

5,000 SF Retail

The Bond328 Units

2700 NW 2 Ave72 Units

68 Hotel Rooms58,411 SF Mixed

YotelMixed Use

Island Gardens24 Acres Mixed

Use

SLS450 Units132 Rooms

10,000 SF Retail


13,000 SF Retail

Riverside Tower449 Units

Biscayne Beach399 Units

13,203 SF Retail

Brickell Heights716 Units

85,000 SF Retail

The Boulevard127 Units

600 BiscayneUnits

Aria on the Bay647 Units

35,075 SF Office

1010 Brickell387 Units

8,045 SF Retail

Lima206 Units

47,303 SF Mixed

WTC400 Units

100 Rooms246,529 SF Office

1000 Museum83 Units

Panorama Tower821 Units

208 Rooms150,000 Mixed

2121 NW 2 Ave10 Units

7,200 SF Retail

One Bayfront Plaza

Mixed Use

Plaza at the Lyric158 Units

8,000 SF Retail

Cassa Brickell81 Units


One River Point406 Units

30,000 SF Retail

250 Wynwood11 Units

View Terrace176 Units

7,300 SF Retail


Miami Dade College Site

90,000 SF Museum

300 Units

Melody Tower497 Units

8,500 SF Retail

Broadstone372 Units

2801 NW 3rd Ave264 Units

58,200 SF Mixed

Loft 3495 Units

Frost Museum4.9 Acres

City Crossings103 Units

Avenue One311 Units

11,788 SF Retail

Flagler on the River

17,000 SF Retail

Bentley Residences207 Units

Triton Center317 Units

96

Six Midtown398 Units

6

22

18

49

26

7

31

37 52

93

13

1

91

86

7554

70

84

81

78

74

68

64

56

61

60

95

90

94

33

38

39

43

32

5341

45

48

34

92

8

27

25

51

5

2

1920

21

16

23

63

15

4

11

10

39

29

40

44

42

87 88

83

8076

77

73

73

69

66

96

59

89

85

58

69

7271

65

62

57

28

82

17

53

URBAN COREDEVELOPMENT UPDATE

UNDERCONSTRUCTION

PLANNEDPROJECTS

PROPOSEDPROJECTS

COMPLETEDPROJECTS Source: Downtown Miami

Development Authority Website.

30

76PRESENTED BY:


Market ActivityRetail Sales - 2015 to Date

Submarket Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF

Brickell 16 351,651 135,916 2000 $440,990,000 $808 $440,990,000CBD 22 1,670,519 128,501 1946 $33,470,500 $465 $33,470,500Wynwood 10 97,205 8,911 1941 $164,921,975 $1,210 $164,921,975Biscayne Corridor 3 10,500 3,500 1969 $5,500,000 $501 $5,500,000Midtown 7 60,983 8,711 1941 $39,165,000 $661 $39,165,000Design District 24 204,917 8,893 1957 $455,025,000 $2,323 $455,025,000MiMo 11 58,409 5,309 1956 $18,725,100 $656 $18,725,100Little River 34 286,759 8,434 1949 $26,653,300 $194 $26,653,300Totals 127 2,740,943 38,522 1957 $1,184,450,875 $852

Market ActivityOffice Sales - 2015 to Date


Brickell 22 937,703 137,500 1989 $89,951,500 $445 $89,951,500

CBD 24 0 46,757 1986 $0 $345 $385,187,500

Wynwood 7 14,721 2,944 1950 $3,980,000 $604 $3,980,000

Biscayne Corridor 2 0 0 2008 $19,350,000 $400 $19,350,000

Midtown 1 2,048 2,048 2007 $850,000 $415 $850,000

Design District 4 37,955 9,488 1954 $58,583,253 $1,706 $58,583,253

MiMo 12 477,562 39,796 1963 $40,722,500 $359 $40,722,500

Little River - - - - $0 $0 $0

Totals 72 1,469,989 34,076 1980 $213,437,253 $534

Market ActivityIndustrial Sales - 2015 to Date


Wynwood 24 295,422 15,426 1957 $48,321,600 $515

CBD 3 14,837 7,418 1953 $19,080,000 $758

Little River 22 467,757 19,490 1953 $42,150,000 $135

Totals 49 778,016 14,111 1954 $109,551,600 $469 $48,321,600$19,080,000$42,150,000

vRetail Sales Volume 2015

Brickell

CBD

Wynwood

Biscayne Corridor

Midtown

Design District

MiMo

Little River

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00

Average Retail Sales Price PSF

$-$200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00

Average Office Sales Price PSFOffice Sales Volume 2015

Brickell

CBD

Wynwood

BiscayneCorridor

Midtown

DesignDistrict

MiMo

LittleRiver

Industrial Sales Volume 2015

Wynwood

CBD

Little River

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00

Average Industrial Sales Price PSF

Located in the Greater Downtown Miami area, the Brickell Financial District is a major hub for Miami and South Flor-ida’s burgeoning financial services industry.

BRICKELL

The Biscayne Corr idor is bound by 12th street north of Downtown and 87th st north of the 79th street causeway. The biscayne corr idor serves as Miami ’s main non-highway artery that connects al l of the urban core neighborhoods.

BISCAYNE CORRIDOR

Downtown Miami is the Central Business District of Mi-ami-Dade County and home to the single-largest econom-ic and financial hub in South Florida. Greater Downtown Miami areas is home to headquarters of dozens of national and international companies. Over one dozen consulates have established a presence in Downtown Miami, helping facilitate the advancement of international business and travel.

CBD/DOWNTOWN

Midtown which was the former Florida east coast railway yard is a roughly 56 acre site that was developed into mul-tiple mixed-use buildings including a 645,000 SF retail center and multiple mixed-use residential towers.

MIDTOWN

Art galleries. Fashion Stores. Open-air street art instal-lations. Antique shops. Eclectic bars. Creative live-work dwellings. Those are just some of the characteristics of the creative Miami neighborhood known as Wynwood.

WYNWOOD

The Upper East Side is home to luxurious communities like Belle Meade, Bay Point, and Morningside. But more tradi-tional communities like Palm Grove, historic Bayside, Davis Harbor and the MiMO District on Biscayne Boulevard with hits historic hotels are also part of the Upper East Side.

MIMO/UPPER EAST SIDE

Dedicated to luxury fashion, architecture, dining experi-ences—and, of course, design—forward-thinking urbanists have spearheaded a transformation of the Miami Design District from a desolate neighborhood to a vibrant urban destination for residents and tourists alike.

DESIGN DISTRICT

Although it’s known for its industrial buildings, Little River is home to many creative users and artists, as well as fur-niture trade users and makers. Warehouses in the district serve a wide variety of industries and offer direct access to Downtown Miami.

LITTLE RIVER/ LITTLE HAITI / LEMON CITY

The Arts & Entertainment District is known for its world-class cultural institutions and attractions, including the Pe-rez Art Museum (PAMM), the Arsht Center, the Miami Chil-dren’s Museum, Jungle Island, the upcoming Miami Science Museum and the American Airlines Arena, home of the Mi-ami Heat.

ARTS & ENTERTAINMENT

MIAMI’S URBAN CORE RETAIL MARKET 2015-2016AVERAGE SALE PRICE

PSF TEMPERATURE MAPAVERAGE LEASE PRICE PSF TEMPERATURE MAP

AVERAGE RETAIL SALESPRICE PSF

RETAIL VACANCY RATESMARKET ACTIVITY

RETAIL SALES VOLUME 2015

$1,184,450,875






Brickell 22 937,703 137,500 1989 $89,951,500 $445 $89,951,500

CBD 24 0 46,757 1986 $0 $345 $385,187,500

Wynwood 7 14,721 2,944 1950 $3,980,000 $604 $3,980,000


Midtown 1 2,048 2,048 2007 $850,000 $415 $850,000

Design District 4 37,955 9,488 1954 $58,583,253 $1,706 $58,583,253

MiMo 12 477,562 39,796 1963 $40,722,500 $359 $40,722,500

Little River - - - - $0 $0 $0

Totals 72 1,469,989 34,076 1980 $213,437,253 $534



Wynwood 24 295,422 15,426 1957 $48,321,600 $515

CBD 3 14,837 7,418 1953 $19,080,000 $758

Little River 22 467,757 19,490 1953 $42,150,000 $135

Totals 49 778,016 14,111 1954 $109,551,600 $469 $48,321,600$19,080,000$42,150,000


Brickell

CBD

Wynwood

Biscayne Corridor

Midtown

Design District

MiMo

Little River

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00


$-$200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00


Brickell

CBD

Wynwood

BiscayneCorridor

Midtown

DesignDistrict

MiMo

LittleRiver


Wynwood

CBD

Little River

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00







Brickell 22 937,703 137,500 1989 $89,951,500 $445 $89,951,500

CBD 24 0 46,757 1986 $0 $345 $385,187,500

Wynwood 7 14,721 2,944 1950 $3,980,000 $604 $3,980,000


Midtown 1 2,048 2,048 2007 $850,000 $415 $850,000

Design District 4 37,955 9,488 1954 $58,583,253 $1,706 $58,583,253

MiMo 12 477,562 39,796 1963 $40,722,500 $359 $40,722,500

Little River - - - - $0 $0 $0

Totals 72 1,469,989 34,076 1980 $213,437,253 $534



Wynwood 24 295,422 15,426 1957 $48,321,600 $515

CBD 3 14,837 7,418 1953 $19,080,000 $758

Little River 22 467,757 19,490 1953 $42,150,000 $135

Totals 49 778,016 14,111 1954 $109,551,600 $469 $48,321,600$19,080,000$42,150,000


Brickell

CBD

Wynwood

Biscayne Corridor

Midtown

Design District

MiMo

Little River

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00


$-$200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00


Brickell

CBD

Wynwood

BiscayneCorridor

Midtown

DesignDistrict

MiMo

LittleRiver


Wynwood

CBD

Little River

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00







Brickell 22 937,703 137,500 1989 $89,951,500 $445 $89,951,500

CBD 24 0 46,757 1986 $0 $345 $385,187,500

Wynwood 7 14,721 2,944 1950 $3,980,000 $604 $3,980,000


Midtown 1 2,048 2,048 2007 $850,000 $415 $850,000

Design District 4 37,955 9,488 1954 $58,583,253 $1,706 $58,583,253

MiMo 12 477,562 39,796 1963 $40,722,500 $359 $40,722,500

Little River - - - - $0 $0 $0

Totals 72 1,469,989 34,076 1980 $213,437,253 $534



Wynwood 24 295,422 15,426 1957 $48,321,600 $515

CBD 3 14,837 7,418 1953 $19,080,000 $758

Little River 22 467,757 19,490 1953 $42,150,000 $135

Totals 49 778,016 14,111 1954 $109,551,600 $469 $48,321,600$19,080,000$42,150,000


Brickell

CBD

Wynwood

Biscayne Corridor

Midtown

Design District

MiMo

Little River

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00


$-$200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00


Brickell

CBD

Wynwood

BiscayneCorridor

Midtown

DesignDistrict

MiMo

LittleRiver


Wynwood

CBD

Little River

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00


RETAIL SALES

RETAIL LEASES

Market Activity

Retail Leases - 2015

Year # Of Spaces Total SF

Leasing Activity SF Total Deliveries SF

Under Construction SF Range Vacancy Rate Avg $/SF

Brickell 32 994,311 52,853 8,375 555,000 $25-$171 1.4% 77.90$

CBD 24 5,574,416 46,757 1,986 - $25-$50 6.5% -

Wynwood 7 14,721 2,944 1,950 3,980,000 $40-$100 6.1% -

Biscayne Corridor 26 2,245,211 59,908 6,982 14,600 $30-$67 5.3% 37.84$

Midtown 1 2,048 2,048 2,007 850,000 $40-$80 8.2% -

Design District 22 956,122 85,599 64,431 1,200,000 $65-$400 12.3% 91.57$

MiMo 12 477,562 39,796 1,963 40,722,500 $30-$75 6.3% -

Little River 0 0 0 0 0 $20-$30 11.2% -

Totals 124 10,264,391 36,238 10,962 47,322,100 - - -

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

Retail Vacancy Rates 2015

MIami’s urban core retail has seen an unprecedented growth and is by far outpacing all other asset classes not only on sales, but also in leasing and rent growth. Major retail projects like The Miami Design District and Brickell City Centre are causing their respective neighborhoods property valuations to increase exponentially, especially in The Design District where Average price per square feet has increased to $2,323.

Market ActivityOffice Leases - 2015

District# Of

Spaces Total SFLeasing Activity

SF Total Deliveries SFUnder

Construction SF Range Vacancy Rate Avg $/SFBrickell 11 7,980,176 149,568 134,552 247,676 $19-$70 12.3% $41.78CBD 111 11,562,946 793,459 0 312,000 $15-$50 16.2% $28.00Biscayne Corridor 2 0 0 2,008 19,350,000 $400 12.3% $34.66Midtown - - - - - - -Design District 5 517,574 7,006 24,299 77,365 $10-$65 5.0% $37.11MiMo - - - - - - -Little River 3 466,785 7,210 0 0 $14-$36 21.7% $15.95Totals 132 20,527,481 191,449 32,172 19,987,041 - - -

Market ActivityRetail Leases - 2015

District# Of



Construction SF Range Vacancy Rate Avg $/SFBrickell 32 994,311 52,853 8,375 555,000 $25-$171 1.4% 77.90$ CBD 24 5,574,416 46,757 1,986 - $25-$50 6.5% 22.47$ Wynwood 7 14,721 2,944 1,950 3,980,000 $40-$100 6.1% 44.68$ Biscayne Corridor 26 2,245,211 59,908 6,982 14,600 $30-$67 5.3% 37.84$ Midtown 1 2,048 2,048 2,007 850,000 $40-$80 8.2% 31.08$ Design District 22 956,122 85,599 64,431 1,200,000 $65-$400 12.3% 91.57$ MiMo 12 477,562 39,796 1,963 40,722,500 $30-$75 6.3% 43.12$ Little River 0 0 0 0 0 $20-$30 11.2% -Totals 124 10,264,391 36,238 10,962 47,322,100 - - -

Market ActivityIndustrial Leases - 2015 to Date

District# Of


SF TotalAverage Year

BuiltUnder

Construction SF Range Vacancy Rate Avg $/SFCBD 24 46,757 1986 - $18-$30 6.80% $20Wynwood 7 2,869,934 30,000 1950 - $20-$40 4.50% $25Little River 25 3,968,182 150,000 1943 - $12-$30 6.80% $18Totals 56 75,586 1960 - - - -

98PRESENTED BY:


OFFICE MARKET 2015-2016 INDUSTRIAL MARKET 2015-2016AVERAGE SALE PRICE

PSF TEMPERATURE MAPAVERAGE LEASE PRICE PSF TEMPERATURE MAP

AVERAGE SALE PRICE PSF TEMPERATURE MAP

AVERAGE LEASE PRICE PSF TEMPERATURE MAP






Brickell 22 937,703 137,500 1989 $89,951,500 $445 $89,951,500

CBD 24 0 46,757 1986 $0 $345 $385,187,500

Wynwood 7 14,721 2,944 1950 $3,980,000 $604 $3,980,000


Midtown 1 2,048 2,048 2007 $850,000 $415 $850,000

Design District 4 37,955 9,488 1954 $58,583,253 $1,706 $58,583,253

MiMo 12 477,562 39,796 1963 $40,722,500 $359 $40,722,500

Little River - - - - $0 $0 $0

Totals 72 1,469,989 34,076 1980 $213,437,253 $534



Wynwood 24 295,422 15,426 1957 $48,321,600 $515

CBD 3 14,837 7,418 1953 $19,080,000 $758

Little River 22 467,757 19,490 1953 $42,150,000 $135

Totals 49 778,016 14,111 1954 $109,551,600 $469 $48,321,600$19,080,000$42,150,000


Brickell

CBD

Wynwood

Biscayne Corridor

Midtown

Design District

MiMo

Little River

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00


$-$200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00


Brickell

CBD

Wynwood

BiscayneCorridor

Midtown

DesignDistrict

MiMo

LittleRiver


Wynwood

CBD

Little River

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00


Downtown Miami CBD leads in office sales due to a combination of factors that include availability of deals, value add investment strategies, and gener-al investor sentiment in respect to the likely upside of a once sleepy market. Fundamentals continue to improve in the CBD office space as absorption con-tinues trending upwards, and supply re-mains relatively stagnant.

The total square footage of industrial properties has been decreasing year over year as more spaces find their highest and best use by either redevel-oping or adaptively re-purposing into different uses like creative office or re-tail. This has caused light industrial us-ers to move to different areas such as Allapattah and Little River.

AVERAGE OFFICE SALESPRICE PSF

OFFICE VACANCY RATES

MARKET ACTIVITYOFFICE SALES INDUSTRIAL SALES

OFFICE LEASES

INDUSTRIAL LEASES

OFFICE SALES VOLUME 2015

$1,437,344,853






Brickell 22 937,703 137,500 1989 $89,951,500 $445 $89,951,500

CBD 24 0 46,757 1986 $0 $345 $385,187,500

Wynwood 7 14,721 2,944 1950 $3,980,000 $604 $3,980,000


Midtown 1 2,048 2,048 2007 $850,000 $415 $850,000

Design District 4 37,955 9,488 1954 $58,583,253 $1,706 $58,583,253

MiMo 12 477,562 39,796 1963 $40,722,500 $359 $40,722,500

Little River - - - - $0 $0 $0

Totals 72 1,469,989 34,076 1980 $213,437,253 $534



Wynwood 24 295,422 15,426 1957 $48,321,600 $515

CBD 3 14,837 7,418 1953 $19,080,000 $758

Little River 22 467,757 19,490 1953 $42,150,000 $135

Totals 49 778,016 14,111 1954 $109,551,600 $469 $48,321,600$19,080,000$42,150,000


Brickell

CBD

Wynwood

Biscayne Corridor

Midtown

Design District

MiMo

Little River

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00


$-$200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00


Brickell

CBD

Wynwood

BiscayneCorridor

Midtown

DesignDistrict

MiMo

LittleRiver


Wynwood

CBD

Little River

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00







Brickell 22 937,703 137,500 1989 $89,951,500 $445 $89,951,500

CBD 24 0 46,757 1986 $0 $345 $385,187,500

Wynwood 7 14,721 2,944 1950 $3,980,000 $604 $3,980,000


Midtown 1 2,048 2,048 2007 $850,000 $415 $850,000

Design District 4 37,955 9,488 1954 $58,583,253 $1,706 $58,583,253

MiMo 12 477,562 39,796 1963 $40,722,500 $359 $40,722,500

Little River - - - - $0 $0 $0

Totals 72 1,469,989 34,076 1980 $213,437,253 $534



Wynwood 24 295,422 15,426 1957 $48,321,600 $515

CBD 3 14,837 7,418 1953 $19,080,000 $758

Little River 22 467,757 19,490 1953 $42,150,000 $135

Totals 49 778,016 14,111 1954 $109,551,600 $469 $48,321,600$19,080,000$42,150,000


Brickell

CBD

Wynwood

Biscayne Corridor

Midtown

Design District

MiMo

Little River

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00


$-$200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00


Brickell

CBD

Wynwood

BiscayneCorridor

Midtown

DesignDistrict

MiMo

LittleRiver


Wynwood

CBD

Little River

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00







Brickell 22 937,703 137,500 1989 $89,951,500 $445 $89,951,500

CBD 24 0 46,757 1986 $0 $345 $385,187,500

Wynwood 7 14,721 2,944 1950 $3,980,000 $604 $3,980,000


Midtown 1 2,048 2,048 2007 $850,000 $415 $850,000

Design District 4 37,955 9,488 1954 $58,583,253 $1,706 $58,583,253

MiMo 12 477,562 39,796 1963 $40,722,500 $359 $40,722,500

Little River - - - - $0 $0 $0

Totals 72 1,469,989 34,076 1980 $213,437,253 $534



Wynwood 24 295,422 15,426 1957 $48,321,600 $515

CBD 3 14,837 7,418 1953 $19,080,000 $758

Little River 22 467,757 19,490 1953 $42,150,000 $135

Totals 49 778,016 14,111 1954 $109,551,600 $469 $48,321,600$19,080,000$42,150,000


Brickell

CBD

Wynwood

Biscayne Corridor

Midtown

Design District

MiMo

Little River

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00


$-$200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00


Brickell

CBD

Wynwood

BiscayneCorridor

Midtown

DesignDistrict

MiMo

LittleRiver


Wynwood

CBD

Little River

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00







Brickell 22 937,703 137,500 1989 $89,951,500 $445 $89,951,500

CBD 24 0 46,757 1986 $0 $345 $385,187,500

Wynwood 7 14,721 2,944 1950 $3,980,000 $604 $3,980,000


Midtown 1 2,048 2,048 2007 $850,000 $415 $850,000

Design District 4 37,955 9,488 1954 $58,583,253 $1,706 $58,583,253

MiMo 12 477,562 39,796 1963 $40,722,500 $359 $40,722,500

Little River - - - - $0 $0 $0

Totals 72 1,469,989 34,076 1980 $213,437,253 $534



Wynwood 24 295,422 15,426 1957 $48,321,600 $515

CBD 3 14,837 7,418 1953 $19,080,000 $758

Little River 22 467,757 19,490 1953 $42,150,000 $135

Totals 49 778,016 14,111 1954 $109,551,600 $469 $48,321,600$19,080,000$42,150,000


Brickell

CBD

Wynwood

Biscayne Corridor

Midtown

Design District

MiMo

Little River

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00


$-$200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00


Brickell

CBD

Wynwood

BiscayneCorridor

Midtown

DesignDistrict

MiMo

LittleRiver


Wynwood

CBD

Little River

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00


AVERAGE INDUSTRIAL SALES PRICE PSF

INDUSTRIAL VACANCY RATES

MARKET ACTIVITY

INDUSTRIAL SALES VOLUME 2015

$229,238,000

Market Activity

Industrial Leases - 2015 to Date

Year # Of Spaces

Leasing Activity SF Total

Average Year Built

Under Construction SF Range Vacancy Rate Avg $/SF

CBD 24 46,757 1986 - $18-$30 6.80% $20

Wynwood 7 30,000 1950 - $20-$40 4.50% $25

Little River 25 150,000 1943 - $12-$30 6.80% $18

Totals 56 75,586 1960 - - - -

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

CBD Wynwood Little River

Industrial Vacancy Rates 2015






Brickell 22 937,703 137,500 1989 $89,951,500 $445 $89,951,500

CBD 24 0 46,757 1986 $0 $345 $385,187,500

Wynwood 7 14,721 2,944 1950 $3,980,000 $604 $3,980,000


Midtown 1 2,048 2,048 2007 $850,000 $415 $850,000

Design District 4 37,955 9,488 1954 $58,583,253 $1,706 $58,583,253

MiMo 12 477,562 39,796 1963 $40,722,500 $359 $40,722,500

Little River - - - - $0 $0 $0

Totals 72 1,469,989 34,076 1980 $213,437,253 $534



Wynwood 24 295,422 15,426 1957 $48,321,600 $515

CBD 3 14,837 7,418 1953 $19,080,000 $758

Little River 22 467,757 19,490 1953 $42,150,000 $135

Totals 49 778,016 14,111 1954 $109,551,600 $469 $48,321,600$19,080,000$42,150,000


Brickell

CBD

Wynwood

Biscayne Corridor

Midtown

Design District

MiMo

Little River

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00


$-$200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00


Brickell

CBD

Wynwood

BiscayneCorridor

Midtown

DesignDistrict

MiMo

LittleRiver


Wynwood

CBD

Little River

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00







Brickell 22 937,703 137,500 1989 $89,951,500 $445 $89,951,500

CBD 24 0 46,757 1986 $0 $345 $385,187,500

Wynwood 7 14,721 2,944 1950 $3,980,000 $604 $3,980,000


Midtown 1 2,048 2,048 2007 $850,000 $415 $850,000

Design District 4 37,955 9,488 1954 $58,583,253 $1,706 $58,583,253

MiMo 12 477,562 39,796 1963 $40,722,500 $359 $40,722,500

Little River - - - - $0 $0 $0

Totals 72 1,469,989 34,076 1980 $213,437,253 $534



Wynwood 24 295,422 15,426 1957 $48,321,600 $515

CBD 3 14,837 7,418 1953 $19,080,000 $758

Little River 22 467,757 19,490 1953 $42,150,000 $135

Totals 49 778,016 14,111 1954 $109,551,600 $469 $48,321,600$19,080,000$42,150,000


Brickell

CBD

Wynwood

Biscayne Corridor

Midtown

Design District

MiMo

Little River

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00


$-$200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00


Brickell

CBD

Wynwood

BiscayneCorridor

Midtown

DesignDistrict

MiMo

LittleRiver


Wynwood

CBD

Little River

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00







Brickell 22 937,703 137,500 1989 $89,951,500 $445 $89,951,500

CBD 24 0 46,757 1986 $0 $345 $385,187,500

Wynwood 7 14,721 2,944 1950 $3,980,000 $604 $3,980,000


Midtown 1 2,048 2,048 2007 $850,000 $415 $850,000

Design District 4 37,955 9,488 1954 $58,583,253 $1,706 $58,583,253

MiMo 12 477,562 39,796 1963 $40,722,500 $359 $40,722,500

Little River - - - - $0 $0 $0

Totals 72 1,469,989 34,076 1980 $213,437,253 $534



Wynwood 24 295,422 15,426 1957 $48,321,600 $515

CBD 3 14,837 7,418 1953 $19,080,000 $758

Little River 22 467,757 19,490 1953 $42,150,000 $135

Totals 49 778,016 14,111 1954 $109,551,600 $469 $48,321,600$19,080,000$42,150,000


Brickell

CBD

Wynwood

Biscayne Corridor

Midtown

Design District

MiMo

Little River

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00


$-$200.00 $400.00 $600.00 $800.00

$1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00


Brickell

CBD

Wynwood

BiscayneCorridor

Midtown

DesignDistrict

MiMo

LittleRiver


Wynwood

CBD

Little River

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00



District # Of Spaces Total SFLeasing Activity

SF Total Deliveries SFUnder Construction

SF Range Vacancy Rate Avg $/SFBrickell 11 7,980,176 149,568 134,552 247,676 $19-$70 12.3% 40.89$ CBD 111 11,562,946 793,459 0 312,000 $15-$50 16.2% 41.78$ Biscayne Corridor 2 0 0 2,008 19,350,000 $400 12.3% -Midtown - - - - - - -Design District 5 517,574 7,006 24,299 77,365 $10-$65 5.0% 37.11$ MiMo - - - - - - -Little River 3 466,785 7,210 0 0 $14-$36 21.7% 15.95$ Totals 132 20,527,481 191,449 32,172 19,987,041 - - -

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

Office Vacancy Rates


District# Of





District# Of





District# Of



BuiltUnder



District# Of





District# Of





District# Of



BuiltUnder


1110PRESENTED BY:


WYNWOODMARKET ANALYSIS

WYNWOODMARKET ANALYSISYear Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF

2011 2 15,125 7,562 1940 $2,501,100 $210 2011 2 994,149 6,134 0 0 $17-$28 3.20% $16.012012 8 82,080 10,260 1942 $14,491,900 $195 2012 10 994,149 32,128 0 4,448 $18-$30 7.00% $22.872013 15 103,842 6,922 1941 $25,498,200 $286 2013 16 998,597 38,994 4,448 38,537 $20-$40 5.00% $28.962014 15 137,417 9,161 1945 $43,114,200 $306 2014 22 1,015,773 54,049 17,176 45,462 $25-$65 6.60% $32.232015 20 145,066 7,253 1949 $113,721,975 $1,271 2015 13 1,061,235 37,023 45,462 25,268 $35-$80 5.70% $46.902016 4 13,310 6,655 1955 $51,200,000 $1,645 2016 2 1,061,235 4,026 0 25,268 $40-$100 6.10% $44.68

Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 10 67,139 11,189 1961 $16,587,500 $118 2011 17 3,059,127 6,134 0 0 - 14.00% $10.422012 14 228,283 20,753 1953 $31,734,100 $125 2012 35 3,012,850 32,128 0 0 - 16.80% $16.292013 20 184,792 11,549 1959 $53,767,500 $232 2013 23 2,898,896 38,994 0 0 - 15.00% $21.002014 21 263,186 13,159 1945 $89,832,700 $363 2014 18 2,898,896 54,049 0 0 - 15.40% $25.232015 18 279,786 16,458 1960 $159,408,000 $498 2015 23 2,869,934 37,023 0 0 - 16.70% $33.212016 2 13,310 6,655 1960 $8,600,000 $645 2016 1 2,869,934 4,026 0 0 - 18.10% $34.35

Retail Rental Market

Wynwood

Industrial Rental Market

Wynwood

Retail Sales Market

Wynwood

Industrial Sales Market

Wynwood

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2015 2016

Wynwood Retail Sales Price PSF

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015 2016

Wynwood Avg. Industrial Sales Price PSF

$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016

Wynwood Avg. Industrial Lease Price PSF

$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016

Wynwood Avg. Retail Lease Price PSF

Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 2 15,125 7,562 1940 $2,501,100 $210 2011 2 994,149 6,134 0 0 $17-$28 3.20% $16.012012 8 82,080 10,260 1942 $14,491,900 $195 2012 10 994,149 32,128 0 4,448 $18-$30 7.00% $22.872013 15 103,842 6,922 1941 $25,498,200 $286 2013 16 998,597 38,994 4,448 38,537 $20-$40 5.00% $28.962014 15 137,417 9,161 1945 $43,114,200 $306 2014 22 1,015,773 54,049 17,176 45,462 $25-$65 6.60% $32.232015 20 145,066 7,253 1949 $113,721,975 $1,271 2015 13 1,061,235 37,023 45,462 25,268 $35-$80 5.70% $46.902016 4 13,310 6,655 1955 $51,200,000 $1,645 2016 2 1,061,235 4,026 0 25,268 $40-$100 6.10% $44.68



Wynwood


Wynwood

Retail Sales Market

Wynwood


Wynwood

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016





Wynwood


Wynwood

Retail Sales Market

Wynwood


Wynwood

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016

Wynwood Avg. Retail Lease Price PSF Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 2 15,125 7,562 1940 $2,501,100 $210 2011 2 994,149 6,134 0 0 $17-$28 3.20% $16.012012 8 82,080 10,260 1942 $14,491,900 $195 2012 10 994,149 32,128 0 4,448 $18-$30 7.00% $22.872013 15 103,842 6,922 1941 $25,498,200 $286 2013 16 998,597 38,994 4,448 38,537 $20-$40 5.00% $28.962014 15 137,417 9,161 1945 $43,114,200 $306 2014 22 1,015,773 54,049 17,176 45,462 $25-$65 6.60% $32.232015 20 145,066 7,253 1949 $113,721,975 $1,271 2015 13 1,061,235 37,023 45,462 25,268 $35-$80 5.70% $46.902016 4 13,310 6,655 1955 $51,200,000 $1,645 2016 2 1,061,235 4,026 0 25,268 $40-$100 6.10% $44.68



Wynwood


Wynwood

Retail Sales Market

Wynwood


Wynwood

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016





Wynwood


Wynwood

Retail Sales Market

Wynwood


Wynwood

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016





Wynwood


Wynwood

Retail Sales Market

Wynwood


Wynwood

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016





Wynwood


Wynwood

Retail Sales Market

Wynwood


Wynwood

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016





Wynwood


Wynwood

Retail Sales Market

Wynwood


Wynwood

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016


RETAIL RENTAL MARKETS

INDUSTRIAL RENTAL MARKETS

AVERAGE RETAIL LEASE PRICE PSF

AVERAGE INDUSTRIAL LEASE PRICE PSF

RETAIL SALES PRICE PSF

INDUSTRIAL SALES PRICE PSF

RETAIL SALES MARKET

INDUSTRIAL SALES MARKET

$35 - $45 NNN

$50 - $65 NNN+

$100 NNN+

The Wynwood Block was purchased in 2013 for $6.3M and received over $1M of renovations for retail and F&B. The Wynwood Block successfully leased with rates up to $80 PSF for spaces facing NW 2nd Avenue, the main artery in the Wynwood Arts District. The building later was acquired by Red Sky Capital for a record breaking $26 million.

East End Capital acquired the property back in 2014 for $5.3M. It subsequently, it hired DFA, an architecture firm from New York, to develop the High Line looking project with a substantially preleased before TCO.

The Wynwood Building is one of the landmarks in wyn-wood, with over 45,000 SF of office, retail, and cafe space.The Wynwood Building is a landmark in the Arts District attracting hundreds of thousands of people every year just to take pictures thanks to its unique Jean-Francois Rauzier inspired art.

Rentable SF: 24,737 SF Percent Leased: 100 %



1312PRESENTED BY:


BRICKELLMARKET ANALYSIS

Year Sales Total SF Avg Bldg SFAvg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 10 132,060 16,507 1989 $40,063,700 $430 2011 8 986,625 19,438 0 10,634 $23-$65 4.70% $49.462012 6 219,591 43,918 1967 $23,409,900 $315 2012 3 985,888 9,365 2,259 12,775 $27-$50 4.10% $67.882013 4 213,859 53,464 1988 $6,940,000 $404 2013 8 977,091 28,813 8,521 538,759 $28-$86 6.00% $57.292014 15 699,413 46,627 1983 $272,018,500 $1,405 2014 6 994,820 168,081 25,384 513,375 $33-$125 1.00% $48.522015 7 1,065,255 152,179 2002 $265,990,000 $835 2015 32 994,311 52,853 8,375 555,000 $25-$171 1.40% $77.902016 1 22,084 22,084 1990 $175,000,000 $625 2016 1 996,991 1,610 0 555,000 $28-$81 1.80% $81.40

Year Sales Total SF Avg Bldg SFAvg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 58 1,165,313 20,809 1984 $108,825,214 $334 2011 248 1,165,313 1,030,825 631,866 0 $17-$55 22.40% $37.212012 30 728,952 23,809 1988 $38,765,000 $382 2012 207 728,952 990,961 0 264,228 $20-$55 17.90% $39.672013 39 1,776,730 48,019 1984 $457,672,893 $363 2013 185 1,776,730 893,838 0 264,228 $19-$70 15.20% $39.572014 36 546,203 15,172 1989 $207,676,060 $401 2014 193 546,203 890,288 0 286,478 $13-$52 13.80% $41.082015 19 888,383 46,757 1986 $435,885,000 $450 2015 194 888,383 746,347 4,250 382,228 $18-$61 12.70% $41.782016 3 49,320 16,440 1989 $34,126,000 $444 2016 11 7,980,176 149,568 134,552 247,676 $19-$70 12.30% $40.89

Brickell

Retail Sales Market

Brickell

Office Sales Market

Brickell


Brickell

Office Rental Market

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

2011 2012 2013 2014 2015 2016

Brickell Avg. Retail Sales Price PSF

$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015 2016

Brickell Avg. Office Sales Price PSF

$34.00

$35.00

$36.00

$37.00

$38.00

$39.00

$40.00

$41.00

$42.00

$43.00

2011 2012 2013 2014 2015 2016

Brickell Avg. Office Lease Price PSF

$-

$10.00

$20.00

$30.00

$40.00

$50.00

$60.00

$70.00

$80.00

$90.00

2011 2012 2013 2014 2015 2016

Brickell Avg. Retail Lease Price PSF



Brickell

Retail Sales Market

Brickell

Office Sales Market

Brickell


Brickell


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

2011 2012 2013 2014 2015 2016


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015 2016


$34.00

$35.00

$36.00

$37.00

$38.00

$39.00

$40.00

$41.00

$42.00

$43.00

2011 2012 2013 2014 2015 2016


$-

$10.00

$20.00

$30.00

$40.00

$50.00

$60.00

$70.00

$80.00

$90.00

2011 2012 2013 2014 2015 2016




Brickell

Retail Sales Market

Brickell

Office Sales Market

Brickell


Brickell


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

2011 2012 2013 2014 2015 2016


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015 2016


$34.00

$35.00

$36.00

$37.00

$38.00

$39.00

$40.00

$41.00

$42.00

$43.00

2011 2012 2013 2014 2015 2016


$-

$10.00

$20.00

$30.00

$40.00

$50.00

$60.00

$70.00

$80.00

$90.00

2011 2012 2013 2014 2015 2016

Brickell Avg. Retail Lease Price PSFYear Sales Total SF Avg Bldg SFAvg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 10 132,060 16,507 1989 $40,063,700 $430 2011 8 986,625 19,438 0 10,634 $23-$65 4.70% $49.462012 6 219,591 43,918 1967 $23,409,900 $315 2012 3 985,888 9,365 2,259 12,775 $27-$50 4.10% $67.882013 4 213,859 53,464 1988 $6,940,000 $404 2013 8 977,091 28,813 8,521 538,759 $28-$86 6.00% $57.292014 15 699,413 46,627 1983 $272,018,500 $1,405 2014 6 994,820 168,081 25,384 513,375 $33-$125 1.00% $48.522015 7 1,065,255 152,179 2002 $265,990,000 $835 2015 32 994,311 52,853 8,375 555,000 $25-$171 1.40% $77.902016 1 22,084 22,084 1990 $175,000,000 $625 2016 1 996,991 1,610 0 555,000 $28-$81 1.80% $81.40


Brickell

Retail Sales Market

Brickell

Office Sales Market

Brickell


Brickell


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

2011 2012 2013 2014 2015 2016


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015 2016


$34.00

$35.00

$36.00

$37.00

$38.00

$39.00

$40.00

$41.00

$42.00

$43.00

2011 2012 2013 2014 2015 2016


$-

$10.00

$20.00

$30.00

$40.00

$50.00

$60.00

$70.00

$80.00

$90.00

2011 2012 2013 2014 2015 2016




Brickell

Retail Sales Market

Brickell

Office Sales Market

Brickell


Brickell


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

2011 2012 2013 2014 2015 2016


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015 2016


$34.00

$35.00

$36.00

$37.00

$38.00

$39.00

$40.00

$41.00

$42.00

$43.00

2011 2012 2013 2014 2015 2016


$-

$10.00

$20.00

$30.00

$40.00

$50.00

$60.00

$70.00

$80.00

$90.00

2011 2012 2013 2014 2015 2016




Brickell

Retail Sales Market

Brickell

Office Sales Market

Brickell


Brickell


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

2011 2012 2013 2014 2015 2016


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015 2016


$34.00

$35.00

$36.00

$37.00

$38.00

$39.00

$40.00

$41.00

$42.00

$43.00

2011 2012 2013 2014 2015 2016


$-

$10.00

$20.00

$30.00

$40.00

$50.00

$60.00

$70.00

$80.00

$90.00

2011 2012 2013 2014 2015 2016




Brickell

Retail Sales Market

Brickell

Office Sales Market

Brickell


Brickell


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

2011 2012 2013 2014 2015 2016


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015 2016


$34.00

$35.00

$36.00

$37.00

$38.00

$39.00

$40.00

$41.00

$42.00

$43.00

2011 2012 2013 2014 2015 2016


$-

$10.00

$20.00

$30.00

$40.00

$50.00

$60.00

$70.00

$80.00

$90.00

2011 2012 2013 2014 2015 2016




Brickell

Retail Sales Market

Brickell

Office Sales Market

Brickell


Brickell


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

2011 2012 2013 2014 2015 2016


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015 2016


$34.00

$35.00

$36.00

$37.00

$38.00

$39.00

$40.00

$41.00

$42.00

$43.00

2011 2012 2013 2014 2015 2016


$-

$10.00

$20.00

$30.00

$40.00

$50.00

$60.00

$70.00

$80.00

$90.00

2011 2012 2013 2014 2015 2016



OFFICE RENTAL MARKETS


OFFICE SALES PRICE PSF

RETAIL SALES MARKET

OFFICE SALES MARKET


AVERAGE OFFICE LEASE PRICE PSF

Brickell City Centre has been expertly designed from the outset by a team that intimately understands luxury and premium retail. The exciting partnership between Swire Properties, Simon Property Group and Whitman Family Development, developers of Bal Harbour Shops, promis-es to combine decades of industry-leading expertise and extensive experience in the development of luxury retail and urban centers. Each company’s insight and demon-strable success has been achieved both in Miami itself, and on the international stage in some of the world’s global cities.

The Shops at Mary Brickell Village is a lifestyle center located in the Brickell neighborhood of Miami, Florida. It has become a very popular downtown destination, bringing new stores and eateries to the area. Although the center spans two blocks (9th and 10th Streets) of Miami Avenue, the nighttime crowds spread throughout Brickell from the center, most notably up and down Mi-ami Avenue.

500,000 square-foot shopping center

260,000 square feet of office space in two towers

780 condominiums in two towers

263 hotel rooms

89 service apartments

2,600 parking spaces

Rentable SF: 147,014 SF Percent Leased: 100%

BRICKELLMARKET ANALYSIS

1514PRESENTED BY:


CENTRAL BUSINESS DISTRICTMARKET ANALYSIS

CENTRAL BUSINESS DISTRICTMARKET ANALYSIS

Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 2 310,010 155,005 1965 $2,170,000 $184 2011 14 11,265,977 37,832 0 0 - 5.60% $23.962012 10 598,048 59,804 1952 $30,200,000 $362 2012 8 11,241,160 19,153 0 0 - 6.00% $21.922013 4 507,806 126,952 1925 $12,225,000 $203 2013 10 11,241,160 18,409 0 41,000 - 6.40% $23.012014 13 437,069 33,620 1952 $63,655,000 $327 2014 9 11,562,946 22,181 0 41,000 - 7.10% $24.632015 13 1,670,519 128,501 1946 $33,470,500 $465 2015 4 11,562,946 6,572 41,000 113,508 - 7.10% $22.472016 0 0 0 0 $0 $0 2016 1 11,562,946 4,914 0 113,508 $20-50 7.10% $22.77

Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 5 980,233 196,047 1948 $89,595,000 $129 2011 140 11,265,977 648,560 0 0 $8-$47 5.60% $19.402012 15 1,341,917 111,826 1962 $295,592,500 $210 2012 122 11,241,160 628,806 0 0 $11-$45 6.00% $21.922013 8 365,209 45,651 1954 $0 $203 2013 166 11,241,160 931,133 0 321,786 $10-$45 6.40% $24.302014 37 762,787 22,434 1957 $105,831,669 $206 2014 160 11,562,946 681,079 321,786 0 $15-$45 7.10% $26.672015 22 5,431,718 246,985 1956 $843,554,900 $345 2015 111 11,562,946 793,459 0 312,000 $15-$50 7.00% $28.002016 2 142,698 71,349 1961 $293,200 $256 2016 7 11,562,946 13,911 0 312,000 $14-$50 6.90% $30.00

Central Business District

Retail Sales Market


Office Sales Market





$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015

CBD Avg. Retail Sales Price PSF

$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015 2016

CBD Avg. Office Sales Price PSF

$20.50

$21.00

$21.50

$22.00

$22.50

$23.00

$23.50

$24.00

$24.50

$25.00

2011 2012 2013 2014 2015 2016

CBD Avg. Retail Lease Price PSF

$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

2011 2012 2013 2014 2015 2016

CBD Avg. Office Lease Price PSF




Retail Sales Market


Office Sales Market





$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015 2016


$20.50

$21.00

$21.50

$22.00

$22.50

$23.00

$23.50

$24.00

$24.50

$25.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

2011 2012 2013 2014 2015 2016





Retail Sales Market


Office Sales Market





$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015 2016


$20.50

$21.00

$21.50

$22.00

$22.50

$23.00

$23.50

$24.00

$24.50

$25.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

2011 2012 2013 2014 2015 2016

CBD Avg. Office Lease Price PSFYear Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 2 310,010 155,005 1965 $2,170,000 $184 2011 14 11,265,977 37,832 0 0 - 5.60% $23.962012 10 598,048 59,804 1952 $30,200,000 $362 2012 8 11,241,160 19,153 0 0 - 6.00% $21.922013 4 507,806 126,952 1925 $12,225,000 $203 2013 10 11,241,160 18,409 0 41,000 - 6.40% $23.012014 13 437,069 33,620 1952 $63,655,000 $327 2014 9 11,562,946 22,181 0 41,000 - 7.10% $24.632015 13 1,670,519 128,501 1946 $33,470,500 $465 2015 4 11,562,946 6,572 41,000 113,508 - 7.10% $22.472016 0 0 0 0 $0 $0 2016 1 11,562,946 4,914 0 113,508 $20-50 7.10% $22.77



Retail Sales Market


Office Sales Market





$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015 2016


$20.50

$21.00

$21.50

$22.00

$22.50

$23.00

$23.50

$24.00

$24.50

$25.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

2011 2012 2013 2014 2015 2016





Retail Sales Market


Office Sales Market





$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015 2016


$20.50

$21.00

$21.50

$22.00

$22.50

$23.00

$23.50

$24.00

$24.50

$25.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

2011 2012 2013 2014 2015 2016





Retail Sales Market


Office Sales Market





$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015 2016


$20.50

$21.00

$21.50

$22.00

$22.50

$23.00

$23.50

$24.00

$24.50

$25.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

2011 2012 2013 2014 2015 2016





Retail Sales Market


Office Sales Market





$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015 2016


$20.50

$21.00

$21.50

$22.00

$22.50

$23.00

$23.50

$24.00

$24.50

$25.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

2011 2012 2013 2014 2015 2016





Retail Sales Market


Office Sales Market





$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015 2016


$20.50

$21.00

$21.50

$22.00

$22.50

$23.00

$23.50

$24.00

$24.50

$25.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

2011 2012 2013 2014 2015 2016






RETAIL SALES MARKET

OFFICE SALES MARKET



At nearly 30 acres, Miami Worldcenter achieves the heights of a world-class destination. It is within walking distance of over$3 billion in new public and private projects in mass transit, cul-tural institutions, recreational parks, and entertainment venues. Adynamic urban core of diversity and excitement, Miami World-center brings a new energy to Miami with a compelling blend ofexceptional retail, hospitality, and residential offerings in one unique location

With nearly 3 million square feet spanning two sites, a 9-acre transportation hub in downtown Miami and a 2-acre site in His-toric Overtown, Miami Central is set to become one of Florida’s major transportation hub. Aside from the elevated station, there will also be five towers featuring:-300,000-plus square feet of Class A office space-180,000-plus square feet of exclusive retail and restaurants- 800 residential units-A 95-plus story tower that will house a hotel and additional re-tail, office and residential opportunities

WeWork, the New York based co-working network, has signed a 15 year lease for the entire 96,575-square-foot Security Building in downtown Miami, making it its second site in South Florida. Metro 1’s Tony Arellano brokered the sale and adapted the use of the 16-story Security Building, at 117 NE First Ave., in June for $23.5 million.

1716PRESENTED BY:


Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF Year Sales Total SF Avg Bldg SF Avg Year Built Total SalesAvg $/SF2011 17 136,716 8,042 1952 $64,189,500 661$ 2011 7 956,154 35,314 25,992 0 $22-$100 6.00% 27.80$ 2011 4 108,822 36,274 1940 $29,001,766 $522012 7 68,201 9,743 1962 $20,000,000 609$ 2012 14 956,154 31,419 0 4,954 $42-$60 12.40% 45.70$ 2012 5 101,139 29,227 1933 $17,000,000 $2132013 7 70,575 10,082 1939 $32,000,000 1,100$ 2013 10 880,047 22,229 11,376 26,035 $48-$103 13.50% 78.24$ 2013 9 113,722 16,246 1949 $67,062,600 $3582014 63 1,092,235 10,000 1948 $417,407,900 1,367$ 2014 20 893,211 74,948 29,556 41,411 $40-$75 12.90% 96.02$ 2014 7 212,813 30,401 1960 $129,834,600 $7762015 13 122,478 11,134 1961 $248,200,000 2,230$ 2015 22 956,122 85,599 64,431 500,000 $65-$300 12.30% 91.57$ 2015 3 14,837 7,418 1953 $19,080,000 $7582016 11 85,595 28,531 1954 $206,825,000 2,416$ 2016 1 956,122 1,847 0 600,000 $65-$400 11.90% 120.00$ 2016 0 0 0 0 $0 $0

Design DistrictOffice Rental Market

Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year Size Range Range Vacancy Rate Avg $/SF2011 2 6,782 3,391 1943 $2,393,000 $224 2011 1,500-2,000 $16-$25 7.80% $28.372012 4 44,886 11,221 1961 $16,650,000 $974 2012 1,500-2,000 $15-$33 13.00% $28.242013 2 60,500 30,250 1983 $8,800,000 $1,000 2013 1,500-2,000 $20-$76 4.80% $33.112014 4 1,037,407 259,352 1937 $346,100,000 $1,000 2014 1,500-2,000 $20-$40 2.50% $33.612016 4 37,955 9,488 1954 $58,583,253 $1,706 2015 1,500-2,000 $10-$65 5.00% $37.11

2016 - 6.20% $36.83

Design District




Design District

Retail Sales Market

Design District

Office Sales Market

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

2011 2012 2013 2014 2015 2016

Design District Avg. Retail Sales Price PSF

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2016

Design District Avg. Office Sales Price PSF

$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

2011 2012 2013 2014 2015 2016

Design District Avg. Retail Lease Price PSF

$25.00

$27.00

$29.00

$31.00

$33.00

$35.00

$37.00

$39.00

2011 2012 2013 2014 2015 2016

Design District Avg. Office Lease Price PSF

$-

$100

$200

$300

$400

$500

$600

$700

$800

$900

2011 2012 2013 2014 2015

CBD Avg. Industrial Sales Price PSF




2016 - 6.20% $36.83

Design District




Design District

Retail Sales Market

Design District

Office Sales Market

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

2011 2012 2013 2014 2015 2016


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2016


$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

2011 2012 2013 2014 2015 2016


$25.00

$27.00

$29.00

$31.00

$33.00

$35.00

$37.00

$39.00

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

$800

$900

2011 2012 2013 2014 2015





2016 - 6.20% $36.83

Design District




Design District

Retail Sales Market

Design District

Office Sales Market

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

2011 2012 2013 2014 2015 2016


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2016


$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

2011 2012 2013 2014 2015 2016


$25.00

$27.00

$29.00

$31.00

$33.00

$35.00

$37.00

$39.00

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

$800

$900

2011 2012 2013 2014 2015





2016 - 6.20% $36.83

Design District




Design District

Retail Sales Market

Design District

Office Sales Market

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

2011 2012 2013 2014 2015 2016


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2016


$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

2011 2012 2013 2014 2015 2016


$25.00

$27.00

$29.00

$31.00

$33.00

$35.00

$37.00

$39.00

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

$800

$900

2011 2012 2013 2014 2015






RETAIL SALES MARKET

OFFICE SALES MARKET



DESIGN DISTRICTMARKET ANALYSIS




2016 - 6.20% $36.83

Design District




Design District

Retail Sales Market

Design District

Office Sales Market

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

2011 2012 2013 2014 2015 2016


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2016


$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

2011 2012 2013 2014 2015 2016


$25.00

$27.00

$29.00

$31.00

$33.00

$35.00

$37.00

$39.00

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

$800

$900

2011 2012 2013 2014 2015





2016 - 6.20% $36.83

Design District




Design District

Retail Sales Market

Design District

Office Sales Market

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

2011 2012 2013 2014 2015 2016


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2016


$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

2011 2012 2013 2014 2015 2016


$25.00

$27.00

$29.00

$31.00

$33.00

$35.00

$37.00

$39.00

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

$800

$900

2011 2012 2013 2014 2015





2016 - 6.20% $36.83

Design District




Design District

Retail Sales Market

Design District

Office Sales Market

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

2011 2012 2013 2014 2015 2016


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2016


$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

2011 2012 2013 2014 2015 2016


$25.00

$27.00

$29.00

$31.00

$33.00

$35.00

$37.00

$39.00

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

$800

$900

2011 2012 2013 2014 2015





2016 - 6.20% $36.83

Design District




Design District

Retail Sales Market

Design District

Office Sales Market

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

2011 2012 2013 2014 2015 2016


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2011 2012 2013 2014 2016


$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

2011 2012 2013 2014 2015 2016


$25.00

$27.00

$29.00

$31.00

$33.00

$35.00

$37.00

$39.00

2011 2012 2013 2014 2015 2016


$-

$100

$200

$300

$400

$500

$600

$700

$800

$900

2011 2012 2013 2014 2015


DESIGN DISTRICTMARKET ANALYSIS

LOCATIONS COMING SOON

$60 - $80 NNN

$100 - $175 NNN+

$200 - $300 NNN++

Currently in its third phase is currently under construc-tion and is expected to complete by late 2017. Included in this phase is paradise plaza which will be an extension of the already existing Paseo Ponti which is the pedestrian street that transverses the district. By then the district is expected to house more than 120 luxury retailers, a 119-key boutique hotel, 15 to 20 restaurants and cafes, and some luxury condominiums. This future expansion could result in Dacra owning 1.2 million SF with the potential of adding an additional 2 million SF of space.

1918PRESENTED BY:


Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 9 27,941 3,104 1959 $3,624,250 395$ 2011 16 353,694 26,670 0 12,043 $15-$32 3.90% $25.572012 12 55,064 5,506 1960 $15,187,900 238$ 2012 3 363,502 12,531 12,043 0 $12-$31 7.50% $28.882013 16 83,891 5,243 1956 $27,984,700 616$ 2013 4 366,349 9,292 3,853 0 $12-$32 4.80% $32.812014 9 39,234 4,904 1959 $16,182,800 653$ 2014 13 366,349 15,838 0 0 $17-$47 6.30% $37.032015 11 58,409 5,309 1956 $18,725,100 656$ 2015 6 373,331 8,863 6,982 0 - 5.70% $43.122016 0 0 0 0 $0 -$ 2016 1 373,331 2,592 0 0 $28-$65 6.70% $42.86

Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF2011 7 136,043 19,434 1947 $0 $2222012 10 1,492,034 165,781 1970 $17,447,800 $2372013 7 301,593 50,265 1967 $3,107,000 $2322014 9 205,884 25,735 1961 $15,535,000 $2262015 12 477,562 39,796 1963 $40,722,500 $3592016 0 0 0 0 $0 $0

MIMORetail Rental Market

MiMoRetail Sales Market

MiMo

Office Sales Market

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015

MiMo Avg. Retail Sales Price PSF

$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015

MiMo Avg. Office Sales Price PSF

$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016

MiMo Avg. Retail Lease Price PSF





MiMo

Office Sales Market

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016



RETAIL SALES PRICE PSFOFFICE SALES PRICE PSF

RETAIL SALES MARKET

OFFICE SALES MARKET

MIMOMARKET ANALYSIS





MiMo

Office Sales Market

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016






MiMo

Office Sales Market

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016






MiMo

Office Sales Market

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016






MiMo

Office Sales Market

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016



BISCAYNE CORRIDORMARKET ANALYSIS

Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 2 18,349 9,174 1958 $6,104,250 $676 2011 38 2,214,585 121,115 0 77,444 $16-$38 6.60% $21.692012 3 26,516 8,838 1967 $6,725,000 $365 2012 20 2,281,739 61,118 77,444 0 $16-$46 5.90% $26.752013 7 90,536 12,933 1964 $46,855,600 $547 2013 14 2,285,607 24,198 8,577 0 $18-$55 5.00% $29.102014 7 327,057 46,722 1961 $113,320,000 $1,194 2014 22 2,281,361 44,553 0 14,600 $18-$60 6.60% $36.442015 3 10,500 3,500 1969 $5,500,000 $501 2015 26 2,245,211 59,908 6,982 14,600 $30-$67 5.30% $37.842016 0 0 0 0 $0 $0 2016 1 2,245,211 2,592 0 14,600 - 6.10% $40.00

Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 1 2,012,913 2,012,913 0 $0 $0 2011 40 3,673,198 522,496 42,037 - $12-$25 22.00% $25.312012 3 99,756 49,878 1972 $17,800,000 $209 2012 70 3,650,187 226,429 0 - $14-$46 19.20% $26.562013 4 77,310 19,238 1938 $7,600,000 $210 2013 44 3,649,802 144,537 0 - $14-$45 36.30% $29.902014 8 154,120 19,265 1962 $65,920,500 $411 2014 37 3,649,802 103,762 0 - $19-$40 34.70% $31.062015 2 0 0 2008 $19,350,000 $400 2015 58 2,871,272 208,101 0 - $11-$35 13.70% $34.662016 0 0 0 0 $0 $0 2016 2 2,871,272 6,416 17,100 - $22-$42 12.90% $35.40

Biscayne Corridor

Office Sales Market

Biscayne Corridor

Retail Sales Market


Biscayne Corridor


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

2011 2012 2013 2014 2015

Biscayne Corridor Avg. Retail Sales Price PSF

$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015

Biscayne Corridor Avg. Office Sales Price PSF

$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016

Biscayne Corridor Avg. Office Lease Price PSF

$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

2011 2012 2013 2014 2015 2016

Biscayne Corridor Avg. Retail Lease Price PSF



Biscayne Corridor

Office Sales Market

Biscayne Corridor

Retail Sales Market


Biscayne Corridor


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

2011 2012 2013 2014 2015 2016




Biscayne Corridor

Office Sales Market

Biscayne Corridor

Retail Sales Market


Biscayne Corridor


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

2011 2012 2013 2014 2015 2016

Biscayne Corridor Avg. Retail Lease Price PSFYear Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF

2011 2 18,349 9,174 1958 $6,104,250 $676 2011 38 2,214,585 121,115 0 77,444 $16-$38 6.60% $21.692012 3 26,516 8,838 1967 $6,725,000 $365 2012 20 2,281,739 61,118 77,444 0 $16-$46 5.90% $26.752013 7 90,536 12,933 1964 $46,855,600 $547 2013 14 2,285,607 24,198 8,577 0 $18-$55 5.00% $29.102014 7 327,057 46,722 1961 $113,320,000 $1,194 2014 22 2,281,361 44,553 0 14,600 $18-$60 6.60% $36.442015 3 10,500 3,500 1969 $5,500,000 $501 2015 26 2,245,211 59,908 6,982 14,600 $30-$67 5.30% $37.842016 0 0 0 0 $0 $0 2016 1 2,245,211 2,592 0 14,600 - 6.10% $40.00


Biscayne Corridor

Office Sales Market

Biscayne Corridor

Retail Sales Market


Biscayne Corridor


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

2011 2012 2013 2014 2015 2016






RETAIL SALES MARKET

OFFICE SALES MARKET





Biscayne Corridor

Office Sales Market

Biscayne Corridor

Retail Sales Market


Biscayne Corridor


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

2011 2012 2013 2014 2015 2016




Biscayne Corridor

Office Sales Market

Biscayne Corridor

Retail Sales Market


Biscayne Corridor


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

2011 2012 2013 2014 2015 2016




Biscayne Corridor

Office Sales Market

Biscayne Corridor

Retail Sales Market


Biscayne Corridor


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

2011 2012 2013 2014 2015 2016




Biscayne Corridor

Office Sales Market

Biscayne Corridor

Retail Sales Market


Biscayne Corridor


$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2011 2012 2013 2014 2015 2016


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

2011 2012 2013 2014 2015 2016


2120PRESENTED BY:


LITTLE RIVERMARKET ANALYSIS

Little River

Industrial Rental MarketYear Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 4 25,607 6,401 1964 $1,365,100 $93 2011 25 3,997,649 112,774 8,000 0 - 8.00% $7.892012 7 56,743 8,106 1957 $3,649,100 $102 2012 29 3,939,744 174,294 0 9,267 - 6.30% $7.362013 13 57,213 4,401 1948 $5,379,500 $127 2013 13 3,949,011 57,307 9,267 0 - 6.30% $10.422014 18 106,563 6,268 1951 $12,448,000 $144 2014 13 3,949,011 108,606 0 19,171 - 5.60% $12.072015 34 286,759 8,434 1949 $26,653,300 $194 2015 15 3,968,182 81,373 19,171 0 - 6.60% $16.952016 0 0 0 0 $0 $0 2016 0 3,968,182 0 0 0 $18-$26 8.30% $18.00

Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF2011 9 127,669 14,185 1961 $5,812,700 $722012 13 165,353 15,033 1963 $10,831,500 $662013 25 322,445 12,897 1962 $24,184,000 $1072014 27 442,112 16,374 1963 $42,844,200 $1252015 23 460,787 20,034 1954 $41,375,000 $1362016 1 6,970 6,970 1945 $775,000 $111

Little River

Retail Sales Market

Little River


$70

$90

$110

$130

$150

$170

$190

$210

2011 2012 2013 2014 2015

Little River Avg. Retail Sales Price PSF

$40

$60

$80

$100

$120

$140

$160

2011 2012 2013 2014 2015 2016

Little River Avg. Industrial Sales Price PSF

$-

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

$20.00

2011 2012 2013 2014 2015 2016

Little River Avg. Industrial Lease Price PSF

Little River



Little River

Retail Sales Market

Little River


$70

$90

$110

$130

$150

$170

$190

$210

2011 2012 2013 2014 2015


$40

$60

$80

$100

$120

$140

$160

2011 2012 2013 2014 2015 2016


$-

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

$20.00

2011 2012 2013 2014 2015 2016


Little River



Little River

Retail Sales Market

Little River


$70

$90

$110

$130

$150

$170

$190

$210

2011 2012 2013 2014 2015


$40

$60

$80

$100

$120

$140

$160

2011 2012 2013 2014 2015 2016


$-

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

$20.00

2011 2012 2013 2014 2015 2016


RETAIL SALES MARKET

INDUSTRIAL SALES MARKET

INDUSTRIAL RENTAL MARKET

Little River



Little River

Retail Sales Market

Little River


$70

$90

$110

$130

$150

$170

$190

$210

2011 2012 2013 2014 2015


$40

$60

$80

$100

$120

$140

$160

2011 2012 2013 2014 2015 2016


$-

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

$20.00

2011 2012 2013 2014 2015 2016


Little River



Little River

Retail Sales Market

Little River


$70

$90

$110

$130

$150

$170

$190

$210

2011 2012 2013 2014 2015


$40

$60

$80

$100

$120

$140

$160

2011 2012 2013 2014 2015 2016


$-

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

$20.00

2011 2012 2013 2014 2015 2016


Little River



Little River

Retail Sales Market

Little River


$70

$90

$110

$130

$150

$170

$190

$210

2011 2012 2013 2014 2015


$40

$60

$80

$100

$120

$140

$160

2011 2012 2013 2014 2015 2016


$-

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

$20.00

2011 2012 2013 2014 2015 2016


RETAIL SALES PRICE PSFINDUSTRIAL SALES

PRICE PSFINDUSTRIAL

LEASE PRICE PSF

Rail Building: in 2014 for $9.25M, and almost immediately started renovations of 120,000 SF into creative offices, fitness spaces, and a brewery. Since then, the building is 95% leased before TCO. The Rail Building is a statement of the demand for creative office in Miami.

Building Size: 128,211 SF Percent Leased: 95%

MIDTOWNMARKET ANALYSIS

Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF Year # Of Spaces Total SF Leasing Activity SF Total Deliveries SF Under Construction SF Range Vacancy Rate Avg $/SF2011 5 27,864 5,572 1953 $4,960,100 $227 2011 11 731,133 71,249 0 0 - 8.60% $12.202012 3 26,961 8,987 1947 $7,532,000 $340 2012 14 731,133 35,259 0 0 - 11.10% $33.402013 8 37,339 4,667 1937 $13,575,000 $466 2013 13 721,051 33,791 0 0 - 11.60% $35.322014 3 16,531 8,265 1952 $7,450,000 $433 2014 12 721,051 59,394 0 0 - 11.80% $33.952015 7 60,983 8,711 1941 $39,165,000 $661 2015 13 721,051 30,639 0 0 - 8.40% $31.082016 0 0 0 0 $0 $0 2016 0 721,051 0 0 0 $22-$39 8.60% $45.18

Year Sales Total SF Avg Bldg SF Avg Year Built Total Sales Avg $/SF2011 0 0 0 0 $0 $02012 5 83,469 20,867 1969 $11,087,900 $2722013 1 2,194 2,194 1921 $240,000 $3942014 4 1,379,921 344,980 1991 $290,687,000 $4002015 1 2,048 2,048 2007 $850,000 $4002016 0 0 0 0 $0 $0

Midtown


Midtown

Retail Sales Market

Midtown

Office Sales Market

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015

Midtown Avg. Retail Sales Price PSF

$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015

Midtown Avg. Office Sales Price PSF

$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016

Midtown Avg. Retail Lease Price PSF



Midtown


Midtown

Retail Sales Market

Midtown

Office Sales Market

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016




Midtown


Midtown

Retail Sales Market

Midtown

Office Sales Market

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016


RETAIL SALES MARKET

OFFICE SALES MARKET

RETAIL RENTAL MARKET



Midtown


Midtown

Retail Sales Market

Midtown

Office Sales Market

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016




Midtown


Midtown

Retail Sales Market

Midtown

Office Sales Market

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016




Midtown


Midtown

Retail Sales Market

Midtown

Office Sales Market

$-

$100

$200

$300

$400

$500

$600

$700

2011 2012 2013 2014 2015


$-

$50

$100

$150

$200

$250

$300

$350

$400

$450

2011 2012 2013 2014 2015


$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2011 2012 2013 2014 2015 2016


RETAIL SALES PRICE PSFOFFICE SALES PRICE PSFRETAIL

LEASE PRICE PSF

Midtown 5: Due to the high demand for rental apart-ments in the Midtown neighborhood multiple develop-ers have acquired sites in the area including Magellan Development which acquired a 68,000 SF lot adjacent to Midtown 4. The currently under construction project will be a luxury rental project featuring 400 apartments, 22,271 sf of retail and 2,728 Sf of Office and a 450 space parking garage.

2322PRESENTED BY:


METRO 1 COMMERCIAL | 305 571 9991 | [email protected] | METRO1.COM

Founded in 2005, Metro 1 is South Florida’s urban real

estate leader with over a billion dollars in sales in the last

decade. Metro 1 is a full-service real estate organization

with a clear vision to shape neighborhoods and develop

sustainable cities through brokerage, management,

development & community engagement.

Pioneering. Forward-thinking. Urban-minded.

if you are interested in

BUYING, SELLING or LEASING.

CONTACT US TODAY

B U I LT A R O U N D Y O U

The Disegno Piazza building is a

3 story mixed use retail and office center

located in the highest trafficked street of

the Miami Design District. This elegant

Mediterranean styled building features

distinctive arches that invite pedestrians

into the first floor retail space.

MV Construction & Interiors Group is a full service construction company that offers a broad range

of construction and interior design services.

www.mvgroupusa.com

Exclusively Represented by

Elegant Mediterranean styled building in The Design District

Office Space Available: 2,530 - 5,059 RSFIndividual Office Floorplate Size: 5,059 RSF

Retail Space Available: 3,317 RSF

3,317 - 13,435 SF Available

Price Upon Request

Delivered August 2016

Office (305) 668-3122

Fax (305) 669-3217

Email [email protected]

2524PRESENTED BY:


LEADER IN COMMERCIAL REAL ESTATE SOUTH FLORIDA

DRIVINGGROWTH

Colliers International has grown its South Florida operations to over 120 professionals in 6 offices in Miami-Dade, Broward and Palm Beach counties in a little over a year.

Our professionals bring the right solutions and people to the table to help optimize your real estate strategy and unlock your organization’s full potential. To learn more about Colliers’ people-first approach, connect with us today.

+1 305 359 3690colliers.com/southflorida

Flagship Brickell Retail + Creative Office + Rooftop Restaurant

Arnaldo Cantero III(305) 396-8842

BGRS Commercial Real Estate [email protected]

Seth Gadinsky(786) 276-2387Gadinsky Real [email protected]

Across from Brickell City Centre

2,000 RSF – 45,000 RSF Available

4 Floors + Rooftop

Leasing Contacts: Developer

MIAMI, FL

2726PRESENTED BY:


SOUTH MIAMI 5750 Sunset Drive THE FALLS 8941 SW 136 Street CORAL GABLES 3399 Ponce de Leon Blvd.

www.fnbsm.com

Looking for a great local bank to finance your building or income producing property? Look no further! At FNBSM, we can play an important role in your future.

Fast, highly responsive service, Competitive fixed rates, Seasoned experienced bankers to serve your needs, Safety & stability - since 1952

• A term loan for $7 Million for an investor to refinance on income producing industrial warehouse west of Cutler Ridge.

• A term loan for $5 Million to an investor to refinance 82 residential units in

Simply give us a call at 305.667.5511.

Financing recently provided by FNBSM:

BANKING ONYOUR TERMS

Palm Beach.• A term loan for $3 Million to a foreign investor

to purchase and renovate a 20,000 sq.ft. Class A office building in the South Miami area.

Documents

The 2016 Urban Core Market Report - Metro1 · 2016 URBAN CORE MARKET REPORT KEY DEMOGRAPHIC DATA HIGHLIGHTS URBANIZATION TRENDS Today 54% of the World’s population are living in