Summary Absorption turned negative in consecutive quarters for only the second time in the last 11 years, rent growth continues to decelerate, and quarterly investment volume is about 60% lower
Summary The onset of the coronavirus pandemic has had a significant operational impact on Fort Lauderdale’s office market. Construction has slowed down, and the vast majority of companies have transitioned
Summary The onset of the coronavirus pandemic has had a significant impact on Fort Lauderdale’s retail sector. The metro registers a construction pipeline that is double the national average, relative
Summary The recent Florida coronavirus case resurgence forced local authorities to put Miami’s phase one reopening process on pause to protect public health, but with that came prolonged economic uncertainty.
Summary Vacancies were stable and close to 4.5.% before the onset of the coronavirus pandemic. A reasonably low level of deliveries over the past decade, coupled with strong demand, sent
Summary Miami is South Florida’s largest and most tenant-diverse industrial market. Demand is primarily driven by the local economy and by trade flow through Miami International Airport (MIA) and Port
Summary Vacancies were on the rise over the year before the onset of the coronavirus pandemic due to the high level of speculative development and weakening demand. Industrial is the