43 / 56
Cushman & Wakefield of Florida, Inc.
/
43
Dadeland Centre I
Datran Center
Dadeland Centre II
KENDALL / SOUTH DADE PRICING
HIGHLIGHTS
Pricing fundamentals for Class Abuildings have remained above the $40.00 PSF average
since third quarter 2016. Quotes reached $40.68 PSF at third quarter, a record high for
the sector. Among Class B assets, third quarter registered $26.69 PSF, a figure which
has mostly stayed in this range over the last four quarters and among the historical
highest posted.
At the Datran Center project, third quarter asking rates ranged from $40.00-$43.00
PSF while Dadeland Centre’s quotes ranged from $38.00-$40.50 PSF. For the last
remaining vacant space at Dadeland @ 9700, the asking rate was $32.00 PSF for the
upcoming penthouse office (9,600 SF), to come online at year-end. Kendall Summit’s
rates ranged from $29.50 PSF to $32.50 PSF.
INVESTMENT SALES
DURING 3Q 2017
No buildings traded during the quarter.