Thursday, December 26, 2013

Average office rental price in Miami is dropping

There is good news for those looking to rent an office space in Miami. According to The Daily Business Review, the urban center of Miami has seen a drop in rental prices in the third quarter.

According to the real estate services organization CBRE, the asking price for office rentals in downtown metropolitan Miami fell 10 cents to $30.11 per square foot. This coastal city was the only market studied where the rates decreased.

Some occupants of Class C buildings have moved to the newer Class A and B office spaces being built throughout the city, according to the Daily Business Review. It is believed that owners of the older Class C structures have lowered their asking price to make them a more desirable option.

"There's always going to be someone that needs to be in a C building," Maggie Kurtz, a CBRE senior vice president, told the Daily Business Review. "But if I was a C owner, I would definitely improve my building and bring up the status."

Revamping office space

There are a variety of ways to change an outdated office space. Contemporary bench workstations are great for allowing collaboration between coworkers. Additionally, ergonomic chairs are an appropriate seating option for employees. However, if an office building wants to diversify its offerings and attract entrepreneurs, a shared space is a good option to fill vacancies. Professionals can use the office to work together and brainstorm ideas while being in the hub of a bustling metropolis.

Want to create a comfortable, collaborative work environment? Visit the Office Furniture Warehouse website to complete your office landscape.

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