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South Florida Market Reports

The region continued to feel impacts from COVID-19, with over 272,000 square feet of supply returned to the market during the second quarter of 2021. This was an improvement from each of the previous three quarters, as 628,000 square feet of negative absorption occurred throughout South Florida in the first half of this year. Notably, this was below the 1.2 million square feet returned during the second half of 2020, as market corrections appeared to be slowing.