"I don't think it's significant," Peter Harrison, senior managing director of Cushman & Wakefield in Florida tells GlobeSt.com. "Our markets are doing OK. The Brickell markets are doing OK. The downtown market is stable. But I'm certainly not going to say our markets are robust. We're flat." He expects things will remain that way for the next six months.

The downtown vacancy rate rose only slightly to 15.4% in the third quarter, and class A office buildings continue to be well-leased, the C&W report states. It goes on to say that year-to-date leasing activity in the area was steady, totaling 269,327 sf.

Brickell Avenue's vacancy rate increased 1.2%, compared with last quarter, and 5.9%, compared with the same quarter a year earlier, according to the report. Factors included sublet space and Arthur Andersen's vacating 55,000 sf at 1111 Brickell Ave.