Scott Strickland
Scott Strickland

By Scott Strickland

Scott Strickland is an executive v.p. in JLL’s Miami office.

While trophy landlords in Miami still face a market with double-digit vacancy, steady absorption and demand for prime spaces are expected to bring these landlords closer to the leverage frontline over the next 18 to 24 months, with occupancy levels and substantial renewal leasing activity going in the right direction.

The volume of large lease executions in trophy properties in Miami’s CBD over the past two years has dramatically reduced the availability of prime, high-floor vacancies with desirable views. Leases of more than 20,000 square feet have accounted for more than 40% of the CBD’s total transactional....

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