Skip to main content Skip to footer

Q3 2019 Miami Office Market Report

Download Report
The third quarter of 2019 brought vacancy rates down and rental rates up in Miami-Dade County with larger leases in higher quality spaces. The five largest leases of the quarter were all over 28,000 square feet, and all class A spaces, and four of the five were new leases. Lennar Corp signed the largest new lease of the third quarter, 156,000 square feet at 5505 Blue Lagoon Drive in the Miami Airport submarket followed by BAC Florida Bank leasing 63,000 square feet in Coral Gables at 3011 Ponce De Leon Boulevard. The smallest space leased was in Coral Gables at 1350 S Dixie Highway to Industrious for 28,000 square feet. The trend for larger and higher quality spaces persists in the Miami-Dade County office market drawing investors.

MDC Office3Q 2019

Q3 2019 Miami Office Market Report

Download Report
Related Experts

Verity Mosquera

Research and Consulting Manager

Fort Lauderdale

As Research and Consulting Manager in the South Florida market, I apply my experience in analytics, leadership and international business to monitor the global economy and make projections that help guide our brokers and clients in strategic decision making. My expertise in both leasing and investment sales ranges across multiple asset types including retail, industrial, office and multifamily.  

Prior to joining Colliers, I worked for The Washington Economics Group, Inc., where I led a team of eight economists as Manager of Client Services to prepare detailed economic impact analyses of a number of high-profile transportation and real estate projects in South Florida, including SkyRise Miami and All Aboard Florida. Other notable South Florida clients that I have worked with include Tate Capital, Odebrecht, Miami-Dade Expressway Authority and the International Speedway Corporation. Prior to moving to the United States in 2011, I graduated from law school and was a data analyst for Equity Insurance in Brentwood, UK.

I am active in the commercial real estate community through multiple organizations and committed to strengthening the participation of young leaders in the real estate sector through my current role as Co-Chair of the Urban Land Institute’s Young Leadership Group.

I also have a strong passion for teaching and mentoring students to help prepare them for careers in commercial real estate. I served as an adjunct professor for Miami Dade College School of Business teaching Principles of Management to undergraduate students pursuing their Bachelor’s degree in Business Administration and have recently served as a guest lecturer at Florida International University’s Tibor and Hollo School of Real Estate teaching market research skills to graduate students in the Masters in Science in International Real Estate (MSIRE) program. 

While earning my MBA at St. Thomas University, I served as president of Future Business Leaders of America - Phi Beta Lambda and spoke numerously on business and women career issues. St. Thomas University awarded me with the Outstanding Graduate Award and the Women in Leadership Award in recognition of these efforts.

View expert