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VACANCY
Apartment
The average Vacancy Rate was 7.0% in the Fort Lauderdale metro
- Vacancy in the Fort Lauderdale metro drifted upward by 10 basis points.
- The Fort Lauderdale metro had the highest vacancy level since Q1 2021.
- Vacancy is expected to finish 2024 at 7.0% in the Fort Lauderdale metro.
Distribution / Warehousing
The average Vacancy Rate was 4.0% in the Fort Lauderdale metro
- Vacancy in the Fort Lauderdale metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2024 at 3.8% in the Fort Lauderdale metro.
Flex / R&D
The average Vacancy Rate was 2.2% in the Fort Lauderdale metro
- The Fort Lauderdale metro had the lowest vacancy in the nation.
- Vacancy in the Fort Lauderdale metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2024 at 2.2% in the Fort Lauderdale metro.
Office
The average Vacancy Rate was 19.4% in the Fort Lauderdale metro
- Vacancy in the Fort Lauderdale metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2024 at 19.4% in the Fort Lauderdale metro.
Retail
The average Vacancy Rate was 9.0% in the Fort Lauderdale metro
- Vacancy in the Fort Lauderdale metro drifted downward by 20 basis points.
- Vacancy is expected to finish 2024 at 8.9% in the Fort Lauderdale metro.
RENT
Apartment
The average Asking Rent was $2,145 in the Fort Lauderdale metro
- Rent in the Fort Lauderdale metro was up 0.6% from Q2 2024.
- Fort Lauderdale metro had its fastest rent rate of increase in five quarters.
- Rent is expected to finish 2024 at $2,153 in the Fort Lauderdale metro.
Distribution / Warehousing
The average Asking Rent was $10.21 in the Fort Lauderdale metro
- Rent in the Fort Lauderdale metro was up 0.7% from Q2 2024.
- Rent has risen in every quarter since Q1 2014 in the Fort Lauderdale metro.
- Rent is expected to finish 2024 at $10.33 in the Fort Lauderdale metro.
Flex / R&D
The average Asking Rent was $13.31 in the Fort Lauderdale metro
- Rent in the Fort Lauderdale metro was up 0.6% from Q2 2024.
- Rent is expected to finish 2024 at $13.48 in the Fort Lauderdale metro.
Office
The average Asking Rent was $31.68 in the Fort Lauderdale metro
- Rent in the Fort Lauderdale metro was up 0.5% from Q2 2024.
- Rent Has risen for eight consecutive quarters in the Fort Lauderdale metro.
- Rent is expected to finish 2024 at $31.84 in the Fort Lauderdale metro.
Retail
The average Asking Rent was $22.17 in the Fort Lauderdale metro
- Rent in the Fort Lauderdale metro was up 0.4% from Q2 2024.
- Rent is expected to finish 2024 at $22.27 in the Fort Lauderdale metro.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 8.7%
- Increased by 190 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $6.87
- Up 0.4% from year-end 2018.
- Has risen for six consecutive quarters.
- Expected to finish 2019 at.
VACANCY
Apartment
The average Vacancy Rate was 7.8% in the Jacksonville metro
- Vacancy in the Jacksonville metro drifted downward by 10 basis points.
- The Jacksonville metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 7.7% in the Jacksonville metro.
Distribution / Warehousing
The average Vacancy Rate was 4.9% in the Jacksonville metro
- Vacancy in the Jacksonville metro drifted upward by 10 basis points.
- The Jacksonville metro had the highest vacancy level since Q1 2022.
- Vacancy is expected to finish 2024 at 4.8% in the Jacksonville metro.
Flex / R&D
The average Vacancy Rate was 3.8% in the Jacksonville metro
- The Jacksonville metro had the eighth lowest vacancy in the nation and the fifth lowest in the South Atlantic.
- Vacancy in the Jacksonville metro drifted upward by 10 basis points.
- The Jacksonville metro had the highest vacancy level since Q2 2022.
Office
The average Vacancy Rate was 23.3% in the Jacksonville metro
- No vacancy change since Q2 2024 in the Jacksonville metro.
- The Jacksonville metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 23.7% in the Jacksonville metro.
Retail
The average Vacancy Rate was 10.3% in the Jacksonville metro
- Vacancy in the Jacksonville metro drifted downward by 20 basis points.
- Vacancy is expected to finish 2024 at 10.4% in the Jacksonville metro.
RENT
Apartment
The average Asking Rent was $1,406 in the Jacksonville metro
- Rent in the Jacksonville metro was down 1.2% from Q2 2024.
- Rent is expected to finish 2024 at $1,407 in the Jacksonville metro.
Distribution / Warehousing
The average Asking Rent was $5.71 in the Jacksonville metro
- Rent in the Jacksonville metro was up 0.5% from Q2 2024.
- Rent has risen in every quarter since Q2 2015 in the Jacksonville metro.
- Rent is expected to finish 2024 at $5.77 in the Jacksonville metro.
Flex / R&D
The average Asking Rent was $10.62 in the Jacksonville metro
- Rent in the Jacksonville metro was up 0.8% from Q2 2024.
- Jacksonville metro had its fastest rent rate of increase in four quarters.
- Rent has risen in every quarter since Q3 2020 in the Jacksonville metro.
Office
The average Asking Rent was $20.72 in the Jacksonville metro
- Rent in the Jacksonville metro was up 0.3% from Q2 2024.
- Rent is expected to finish 2024 at $20.79 in the Jacksonville metro.
Retail
The average Asking Rent was $18.15 in the Jacksonville metro
- Rent in the Jacksonville metro was down 0.1% from Q2 2024.
- Rent is expected to finish 2024 at $18.20 in the Jacksonville metro.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 17.3%
- Increased by 170 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $5.38
- Up 0.7% from year-end 2018.
- Fastest rate of increase in six quarters.
- Expected to finish 2019 at.
VACANCY
Apartment
The average Vacancy Rate was 7.2% in the Miami metro
- Vacancy in the Miami metro drifted downward by 10 basis points.
- The Miami metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 7.2% in the Miami metro.
Distribution / Warehousing
The average Vacancy Rate was 3.2% in the Miami metro
- Vacancy in the Miami metro drifted downward by 30 basis points.
- The Miami metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 3.2% in the Miami metro.
Flex / R&D
The average Vacancy Rate was 2.4% in the Miami metro
- The Miami metro had the second lowest vacancy in the nation, behind only Fort Lauderdale.
- Vacancy in the Miami metro drifted upward by 30 basis points.
- The Miami metro had the highest vacancy level since year-end 2021.
Office
The average Vacancy Rate was 15.9% in the Miami metro
- Vacancy in the Miami metro fell by 130 basis points.
- The Miami metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 16.4% in the Miami metro.
Retail
The average Vacancy Rate was 6.4% in the Miami metro
- The Miami metro had the sixth lowest vacancy in the nation, and the second in the South Atlantic region, behind only Suburban Virginia.
- Vacancy in the Miami metro drifted downward by 40 basis points.
- Vacancy is expected to finish 2024 at 6.5% in the Miami metro.
RENT
Apartment
The average Asking Rent was $2,291 in the Miami metro
- Rent in the Miami metro was up 0.5% from Q2 2024.
- Rent has risen in every quarter since Q1 2021 in the Miami metro.
- Rent is expected to finish 2024 at $2,300 in the Miami metro.
Distribution / Warehousing
The average Asking Rent was $10.60 in the Miami metro
- Rent in the Miami metro was up 0.8% from Q2 2024.
- Miami metro had its fastest rent rate of increase in four quarters.
- Rent has risen in every quarter since Q2 2020 in the Miami metro.
Flex / R&D
The average Asking Rent was $16.03 in the Miami metro
- Rent in the Miami metro was up 0.7% from Q2 2024.
- Rent has risen in every quarter since year-end 2020 in the Miami metro.
- Rent is expected to finish 2024 at $16.28 in the Miami metro.
Office
The average Asking Rent was $40.14 in the Miami metro
- Rent in the Miami metro was up 0.4% from Q2 2024.
- Rent has risen in every quarter since Q3 2013 in the Miami metro.
- Rent is expected to finish 2024 at $40.33 in the Miami metro.
Retail
The average Asking Rent was $30.33 in the Miami metro
- Rent in the Miami metro was up 0.2% from Q2 2024.
- Rent is expected to finish 2024 at $30.48 in the Miami metro.
VACANCY
Apartment
The average Vacancy Rate was 7.8% in the Orlando metro
- Vacancy in the Orlando metro drifted downward by 10 basis points.
- The Orlando metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 7.7% in the Orlando metro.
Distribution / Warehousing
The average Vacancy Rate was 5.4% in the Orlando metro
- Vacancy in the Orlando metro fell by 110 basis points.
- Vacancy is expected to finish 2024 at 5.5% in the Orlando metro.
Flex / R&D
The average Vacancy Rate was 3.6% in the Orlando metro
- The Orlando metro had the seventh lowest vacancy in the nation and the fourth lowest in the South Atlantic.
- Vacancy in the Orlando metro declined by 50 basis points.
- Vacancy is expected to finish 2024 at 3.6% in the Orlando metro.
Office
The average Vacancy Rate was 17.4% in the Orlando metro
- Vacancy in the Orlando metro fell by 50 basis points.
- The Orlando metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 17.2% in the Orlando metro.
Retail
The average Vacancy Rate was 10.2% in the Orlando metro
- Vacancy in the Orlando metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2024 at 10.1% in the Orlando metro.
RENT
Apartment
The average Asking Rent was $1,653 in the Orlando metro
- Rent in the Orlando metro was down 0.2% from Q2 2024.
- Rent is expected to finish 2024 at $1,659 in the Orlando metro.
Distribution / Warehousing
The average Asking Rent was $7.51 in the Orlando metro
- Rent in the Orlando metro was up 0.8% from Q2 2024.
- Orlando metro had its fastest rent rate of increase in four quarters.
- Rent has risen in every quarter since Q2 2020 in the Orlando metro.
Flex / R&D
The average Asking Rent was $10.87 in the Orlando metro
- Rent in the Orlando metro was up 0.9% from Q2 2024.
- Orlando metro had its fastest rent rate of increase in five quarters.
- Rent is expected to finish 2024 at $10.98 in the Orlando metro.
Office
The average Asking Rent was $26.02 in the Orlando metro
- Rent in the Orlando metro was up 0.3% from Q2 2024.
- Rent is expected to finish 2024 at $26.11 in the Orlando metro.
Retail
The average Asking Rent was $20.75 in the Orlando metro
- Rent in the Orlando metro was up 0.1% from Q2 2024.
- Rent is expected to finish 2024 at $20.83 in the Orlando metro.
VACANCY
Apartment
The average Vacancy Rate was 7.1% in the Palm Beach metro
- Vacancy in the Palm Beach metro rose by 50 basis points.
- The Palm Beach metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 7.3% in the Palm Beach metro.
Distribution / Warehousing
The average Vacancy Rate was 4.0% in the Palm Beach metro
- Vacancy in the Palm Beach metro drifted downward by 20 basis points.
- Vacancy is expected to finish 2024 at 3.9% in the Palm Beach metro.
Flex / R&D
The average Vacancy Rate was 3.3% in the Palm Beach metro
- The Palm Beach metro had the fourth lowest vacancy in the nation and the third lowest in the South Atlantic.
- Vacancy in the Palm Beach metro drifted downward by 40 basis points.
- Vacancy is expected to finish 2024 at 3.2% in the Palm Beach metro.
Office
The average Vacancy Rate was 13.0% in the Palm Beach metro
- The Palm Beach metro had the lowest vacancy in the nation.
- Vacancy in the Palm Beach metro declined by 190 basis points.
- The Palm Beach metro had the lowest vacancy level since Q1 2008.
Retail
The average Vacancy Rate was 10.2% in the Palm Beach metro
- Vacancy in the Palm Beach metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2024 at 10.0% in the Palm Beach metro.
RENT
Apartment
The average Asking Rent was $2,126 in the Palm Beach metro
- Rent in the Palm Beach metro was up 0.6% from Q2 2024.
- Palm Beach metro had its fastest rent rate of increase in five quarters.
- Rent is expected to finish 2024 at $2,134 in the Palm Beach metro.
Distribution / Warehousing
The average Asking Rent was $9.24 in the Palm Beach metro
- Rent in the Palm Beach metro was up 1.0% from Q2 2024.
- Palm Beach metro had its fastest rent rate of increase in four quarters.
- Rent has risen in every quarter since Q1 2021 in the Palm Beach metro.
Flex / R&D
The average Asking Rent was $13.99 in the Palm Beach metro
- Rent in the Palm Beach metro was up 0.6% from Q2 2024.
- Palm Beach metro had its fastest rent rate of increase in four quarters.
- Rent Has risen for six consecutive quarters in the Palm Beach metro.
Office
The average Asking Rent was $38.80 in the Palm Beach metro
- Rent in the Palm Beach metro was up 0.4% from Q2 2024.
- Rent has risen in every quarter since Q1 2021 in the Palm Beach metro.
- Rent is expected to finish 2024 at $39.08 in the Palm Beach metro.
Retail
The average Asking Rent was $25.74 in the Palm Beach metro
- The Palm Beach metro had the fastest rent growth in the South Atlantic region, sixth most rapid in the nation.
- Palm Beach metro had its fastest rent rate of increase since year-end 2019.
- Rent is expected to finish 2024 at $25.86 in the Palm Beach metro.
VACANCY
Apartment
The average Vacancy Rate was 6.1% in the Tampa-St. Petersburg metro
- Vacancy in the Tampa-St. Petersburg metro drifted upward by 20 basis points.
- The Tampa-St. Petersburg metro had the highest vacancy level since Q2 2012.
- Vacancy is expected to finish 2024 at 6.2% in the Tampa-St. Petersburg metro.
Distribution / Warehousing
The average Vacancy Rate was 2.7% in the Tampa-St. Petersburg metro
- The Tampa-St. Petersburg metro had the seventh lowest vacancy in the nation and the fourth lowest in the South Atlantic.
- No vacancy change since Q2 2024 in the Tampa-St. Petersburg metro.
- The Tampa-St. Petersburg metro had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 5.8% in the Tampa-St. Petersburg metro
- No vacancy change since Q2 2024 in the Tampa-St. Petersburg metro.
- The Tampa-St. Petersburg metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 5.8% in the Tampa-St. Petersburg metro.
Office
The average Vacancy Rate was 20.8% in the Tampa-St. Petersburg metro
- Vacancy in the Tampa-St. Petersburg metro drifted downward by 20 basis points.
- Vacancy is expected to finish 2024 at 21.0% in the Tampa-St. Petersburg metro.
Retail
The average Vacancy Rate was 8.9% in the Tampa-St. Petersburg metro
- Vacancy in the Tampa-St. Petersburg metro drifted downward by 10 basis points.
- The Tampa-St. Petersburg metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 9.0% in the Tampa-St. Petersburg metro.
RENT
Apartment
The average Asking Rent was $1,636 in the Tampa-St. Petersburg metro
- Rent in the Tampa-St. Petersburg metro was up 0.3% from Q2 2024.
- Rent is expected to finish 2024 at $1,645 in the Tampa-St. Petersburg metro.
Distribution / Warehousing
The average Asking Rent was $7.04 in the Tampa-St. Petersburg metro
- Rent in the Tampa-St. Petersburg metro was up 0.6% from Q2 2024.
- Rent has risen in every quarter since year-end 2019 in the Tampa-St. Petersburg metro.
- Rent is expected to finish 2024 at $7.11 in the Tampa-St. Petersburg metro.
Flex / R&D
The average Asking Rent was $10.03 in the Tampa-St. Petersburg metro
- Rent in the Tampa-St. Petersburg metro was up 0.3% from Q2 2024.
- Rent has risen in every quarter since Q3 2020 in the Tampa-St. Petersburg metro.
- Rent is expected to finish 2024 at $10.12 in the Tampa-St. Petersburg metro.
Office
The average Asking Rent was $27.09 in the Tampa-St. Petersburg metro
- Rent in the Tampa-St. Petersburg metro was up 0.6% from Q2 2024.
- Tampa-St. Petersburg metro had its fastest rent rate of increase in seven quarters.
- Rent Has risen for nine consecutive quarters in the Tampa-St. Petersburg metro.
Retail
The average Asking Rent was $16.40 in the Tampa-St. Petersburg metro
- Rent in the Tampa-St. Petersburg metro was down 0.1% from Q2 2024.
- Rent is expected to finish 2024 at $16.45 in the Tampa-St. Petersburg metro.