In Q1 2021, the average price paid peracre amounted to $1.2 million, a 26%year-over-yearincrease.

Class A asking rents for space between15,000 sq. ft. and 80,000 sq. ft. arecommanding an average of $10.56 (IG)per sq. ft., 4% above the market average.

The largest construction start of thequarter is Miami 27 –Building 1 (501,000sq. ft.). Building 2 (222,000 sq. ft.) isalready underway and is currently 72%pre-leased to computer softwarecompany, Intcomex.