This year's numbers differ from 2021 due to increasing demand for office space as companies and their employees migrated to South Florida after the worst of the COVID-19 pandemic
September 12, 2022 at 07:00 AM
2 minute read
Florida Bureau Chief
The number of commercial real estate transactions across Miami-Dade, Broward and Palm Beach counties has dropped significantly in 2022 compared to 2021, according to data provided by JLL Research and CoStar Group.
And yet, the average price per building square foot increased slightly in the retail and office sectors. The rate rose from $409 to $459 in retail sales between 5,000 and 30,000 square feet, and from $210 to $227 in office sales with space over 30,000 square feet.
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