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MIAMI-Flat. That’s the keyword in nearly every commercial market in Dade County. So says the Colliers International South Q3 2010 Commercial Real Estate Overview. But flat is good news compared to the consistent declines of the past few quarters.

New office product in Dade County is hitting a plateau, but it’s a long way off from market norms. Then again, some say the current market represents the new norm, with vacancy rates just above 15% and average asking lease rates trending between $30 and $31 per square foot for the last 18 months.

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