In this week’s Miami Today newspaper, I was interviewed by Marilyn Bowden about the Airport West submarket. She’s a bright reporter and her article was right on target. Her lead paragraph stated that interest in this submarket was picking up and activity was following.
One of my quotes was my prediction that the office market would remain stagnant until unemployment begins shrinking and businesses begin hiring. I also made the point that so far international trade has been saving the office market – where would we be without that?
Marilyn also interviewed three of my colleagues for this article. The landlord rep painted a rosy picture of rates stabilizing and decent leasing activity. He has been busy, so from his perspective, life is just grand. Another tenant rep broker from JLL correctly noted that asking rates and actual deal rates have a huge discrepancy. The managing director for another firm made a good observation that operating expenses have been under control for a number of reasons, including a lack of hurricanes.
All in all, Marilyn wrote a great article and I was happy to be included. If you would like to read the full article, click here.
