South Florida Market Reports

The region felt its first recovery since the impacts from the pandemic began, with over 283,000 square feet of positive net absorption recorded during the third quarter of 2021. This was the first time all three markets in South Florida, along with all three class segments, saw demand outpace supply since the effects from the global shutdown began to surface during the same period one year ago. Palm Beach County continued to lead the region in demand growth, while Miami-Dade and Broward Counties lagged behind with modest improvements.

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