The average asking rate in Q3 2016 was $8.70 per sq. ft. This rate represents a $0.09 increase quarter-over-quarter and a $0.52 increase year-over-year.

The average sale price per sq. ft. in Q3 2016 was $124. Over 60% of total sales volume took place in the Medley and North Central Dade submarkets.

Miami-Dade’s unemployment rate was 5.6% in August 2016, reflecting an 80 bps decrease year-over-year.