Hesitancy in Closing Deals Subsides as Return to Office Nears
Another quarter of exceptionally strong leasing activity amid coronavirus implications attests to the Miami-Dade County office
market’s high demand and positive market fundamentals. In the third quarter of 2021, Miami-Dade County benefitted from deals
that lagged over the last few quarters being executed. Factors that drove these deals to a close include continued population
growth, favorable economic and tax conditions, and the confidence that employees will return to the office soon. The market
also saw a 10-year record of positive net absorption (872,049 square feet), as companies that closed deals earlier in 2021 began
to occupy their space.