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VACANCY
Apartment
The average Vacancy Rate was 6.6% in the Fort Lauderdale metro
- Vacancy in the Fort Lauderdale metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2024 at 6.7% in the Fort Lauderdale metro.
Distribution / Warehousing
The average Vacancy Rate was 4.1% in the Fort Lauderdale metro
- Vacancy in the Fort Lauderdale metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2024 at 4.1% in the Fort Lauderdale metro.
Flex / R&D
The average Vacancy Rate was 2.1% in the Fort Lauderdale metro
- The Fort Lauderdale metro had the second lowest vacancy in the nation, behind only Miami.
- Vacancy in the Fort Lauderdale metro drifted downward by 10 basis points.
- The Fort Lauderdale metro had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 19.5% in the Fort Lauderdale metro
- Vacancy in the Fort Lauderdale metro drifted upward by 30 basis points.
- Vacancy is expected to finish 2024 at 19.6% in the Fort Lauderdale metro.
Retail
The average Vacancy Rate was 9.2% in the Fort Lauderdale metro
- Vacancy in the Fort Lauderdale metro increased by 100 basis points.
- The Fort Lauderdale metro had the highest vacancy level since Q2 2015.
- Vacancy is expected to finish 2024 at 8.9% in the Fort Lauderdale metro.
RENT
Apartment
The average Asking Rent was $2,106 in the Fort Lauderdale metro
- Rent in the Fort Lauderdale metro was down 0.2% from Q1 2024.
- Rent is expected to finish 2024 at $2,123 in the Fort Lauderdale metro.
Distribution / Warehousing
The average Asking Rent was $10.12 in the Fort Lauderdale metro
- Rent in the Fort Lauderdale metro was up 0.4% from Q1 2024.
- Rent has risen in every quarter since Q1 2014 in the Fort Lauderdale metro.
- Rent is expected to finish 2024 at $10.37 in the Fort Lauderdale metro.
Flex / R&D
The average Asking Rent was $13.23 in the Fort Lauderdale metro
- The Fort Lauderdale metro had the fastest rent growth in the nation.
- Fort Lauderdale metro had its fastest rent rate of increase in four quarters.
- Rent is expected to finish 2024 at $13.52 in the Fort Lauderdale metro.
Office
The average Asking Rent was $31.51 in the Fort Lauderdale metro
- Rent in the Fort Lauderdale metro was up 1.1% from Q1 2024.
- Fort Lauderdale metro had its fastest rent rate of increase since Q3 2007.
- Rent Has risen for seven consecutive quarters in the Fort Lauderdale metro.
Retail
The average Asking Rent was $22.09 in the Fort Lauderdale metro
- Rent in the Fort Lauderdale metro was up 0.2% from Q1 2024.
- Rent is expected to finish 2024 at $22.28 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 7.5% in the Jacksonville metro
- Vacancy in the Jacksonville metro drifted downward by 10 basis points.
- The Jacksonville metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 7.7% in the Jacksonville metro.
Distribution / Warehousing
The average Vacancy Rate was 4.0% in the Jacksonville metro
- No vacancy change since Q1 2024 in the Jacksonville metro.
- Vacancy is expected to finish 2024 at 3.9% in the Jacksonville metro.
Flex / R&D
The average Vacancy Rate was 3.7% in the Jacksonville metro
- The Jacksonville metro had the seventh lowest vacancy in the nation and the fourth lowest in the South Atlantic.
- Vacancy in the Jacksonville metro drifted upward by 30 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 Q1 2024 in the Jacksonville metro.
- The Jacksonville metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 23.8% in the Jacksonville metro.
Retail
The average Vacancy Rate was 10.5% in the Jacksonville metro
- Vacancy in the Jacksonville metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2024 at 10.6% in the Jacksonville metro.
RENT
Apartment
The average Asking Rent was $1,421 in the Jacksonville metro
- Rent in the Jacksonville metro was down 0.1% from Q1 2024.
- Rent is expected to finish 2024 at $1,429 in the Jacksonville metro.
Distribution / Warehousing
The average Asking Rent was $5.65 in the Jacksonville metro
- Rent in the Jacksonville metro was up 0.9% from Q1 2024.
- Rent has risen in every quarter since Q2 2015 in the Jacksonville metro.
- Rent is expected to finish 2024 at $5.79 in the Jacksonville metro.
Flex / R&D
The average Asking Rent was $10.54 in the Jacksonville metro
- Rent in the Jacksonville metro was up 0.8% from Q1 2024.
- Rent has risen in every quarter since Q3 2020 in the Jacksonville metro.
- Rent is expected to finish 2024 at $10.85 in the Jacksonville metro.
Office
The average Asking Rent was $20.65 in the Jacksonville metro
- Rent in the Jacksonville metro was up 0.5% from Q1 2024.
- Rent is expected to finish 2024 at $20.81 in the Jacksonville metro.
Retail
The average Asking Rent was $18.15 in the Jacksonville metro
- Rent in the Jacksonville metro was up 0.2% from Q1 2024.
- Rent is expected to finish 2024 at $18.37 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 7.1% in the Miami metro
- Vacancy in the Miami metro rose by 60 basis points.
- The Miami metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 7.1% in the Miami metro.
Distribution / Warehousing
The average Vacancy Rate was 3.4% in the Miami metro
- Vacancy in the Miami metro rose by 100 basis points.
- The Miami metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 2.8% in the Miami metro.
Flex / R&D
The average Vacancy Rate was 2.1% in the Miami metro
- The Miami metro had the lowest vacancy in the nation.
- Vacancy in the Miami metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2024 at 2.0% in the Miami metro.
Office
The average Vacancy Rate was 17.2% in the Miami metro
- Vacancy in the Miami metro drifted upward by 20 basis points.
- The Miami metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 17.5% in the Miami metro.
Retail
The average Vacancy Rate was 6.8% in the Miami metro
- The Miami metro had the seventh lowest vacancy in the nation, and the second in the South Atlantic region, behind only Suburban Virginia.
- No vacancy change since Q1 2024 in the Miami metro.
- The Miami metro had the highest vacancy level since Q3 2014.
RENT
Apartment
The average Asking Rent was $2,279 in the Miami metro
- Rent in the Miami metro was up 0.6% from Q1 2024.
- Rent has risen in every quarter since Q1 2021 in the Miami metro.
- Rent is expected to finish 2024 at $2,309 in the Miami metro.
Distribution / Warehousing
The average Asking Rent was $10.52 in the Miami metro
- Rent in the Miami metro was up 0.7% from Q1 2024.
- Rent has risen in every quarter since Q2 2020 in the Miami metro.
- Rent is expected to finish 2024 at $10.77 in the Miami metro.
Flex / R&D
The average Asking Rent was $15.92 in the Miami metro
- Rent in the Miami metro was up 0.7% from Q1 2024.
- Rent has risen in every quarter since year-end 2020 in the Miami metro.
- Rent is expected to finish 2024 at $16.43 in the Miami metro.
Office
The average Asking Rent was $39.97 in the Miami metro
- Rent in the Miami metro was up 1.2% from Q1 2024.
- Rent has risen in every quarter since Q3 2013 in the Miami metro.
- Rent is expected to finish 2024 at $40.13 in the Miami metro.
Retail
The average Asking Rent was $30.27 in the Miami metro
- The Miami metro remained flat rent since Q1 2024.
- Rent is expected to finish 2024 at $30.74 in the Miami metro.
VACANCY
Apartment
The average Vacancy Rate was 7.6% in the Orlando metro
- Vacancy in the Orlando metro drifted upward by 10 basis points.
- The Orlando metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 7.6% in the Orlando metro.
Distribution / Warehousing
The average Vacancy Rate was 6.5% in the Orlando metro
- No vacancy change since Q1 2024 in the Orlando metro.
- The Orlando metro had the highest vacancy level since Q3 2021.
- Vacancy is expected to finish 2024 at 6.6% in the Orlando metro.
Flex / R&D
The average Vacancy Rate was 4.1% in the Orlando metro
- The Orlando metro had the tenth lowest vacancy in the nation and the sixth lowest in the South Atlantic.
- Vacancy in the Orlando metro increased by 50 basis points.
- The Orlando metro had the highest vacancy level since Q3 2021.
Office
The average Vacancy Rate was 17.9% in the Orlando metro
- Vacancy in the Orlando metro rose by 50 basis points.
- The Orlando metro had the highest vacancy level since Q2 2014.
- Vacancy is expected to finish 2024 at 17.4% in the Orlando metro.
Retail
The average Vacancy Rate was 10.3% in the Orlando metro
- Vacancy in the Orlando metro drifted downward by 20 basis points.
- Vacancy is expected to finish 2024 at 10.2% in the Orlando metro.
RENT
Apartment
The average Asking Rent was $1,656 in the Orlando metro
- Rent in the Orlando metro was up 0.9% from Q1 2024.
- Orlando metro had its fastest rent rate of increase in six quarters.
- Rent is expected to finish 2024 at $1,676 in the Orlando metro.
Distribution / Warehousing
The average Asking Rent was $7.45 in the Orlando metro
- Rent in the Orlando metro was up 0.4% from Q1 2024.
- Rent has risen in every quarter since Q2 2020 in the Orlando metro.
- Rent is expected to finish 2024 at $7.63 in the Orlando metro.
Flex / R&D
The average Asking Rent was $10.77 in the Orlando metro
- Rent in the Orlando metro was up 0.5% from Q1 2024.
- Rent is expected to finish 2024 at $11.01 in the Orlando metro.
Office
The average Asking Rent was $25.94 in the Orlando metro
- The Orlando metro remained flat rent since Q1 2024.
- Rent is expected to finish 2024 at $26.14 in the Orlando metro.
Retail
The average Asking Rent was $20.72 in the Orlando metro
- The Orlando metro remained flat rent since Q1 2024.
- Rent is expected to finish 2024 at $20.95 in the Orlando metro.
VACANCY
Apartment
The average Vacancy Rate was 6.6% in the Palm Beach metro
- Vacancy in the Palm Beach metro rose by 70 basis points.
- The Palm Beach metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 6.9% in the Palm Beach metro.
Distribution / Warehousing
The average Vacancy Rate was 4.2% in the Palm Beach metro
- Vacancy in the Palm Beach metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2024 at 4.1% in the Palm Beach metro.
Flex / R&D
The average Vacancy Rate was 3.7% in the Palm Beach metro
- The Palm Beach metro had the sixth lowest vacancy in the nation and the third lowest in the South Atlantic.
- No vacancy change since Q1 2024 in the Palm Beach metro.
- Vacancy is expected to finish 2024 at 3.6% in the Palm Beach metro.
Office
The average Vacancy Rate was 14.9% in the Palm Beach metro
- The Palm Beach metro had the fifth lowest vacancy in the nation, and the second in the South Atlantic region, behind only Knoxville.
- Vacancy in the Palm Beach metro rose by 100 basis points.
- The Palm Beach metro had the highest vacancy level since Q3 2021.
Retail
The average Vacancy Rate was 10.2% in the Palm Beach metro
- Vacancy in the Palm Beach metro drifted downward by 30 basis points.
- Vacancy is expected to finish 2024 at 9.9% in the Palm Beach metro.
RENT
Apartment
The average Asking Rent was $2,111 in the Palm Beach metro
- Rent in the Palm Beach metro was up 0.5% from Q1 2024.
- Rent is expected to finish 2024 at $2,130 in the Palm Beach metro.
Distribution / Warehousing
The average Asking Rent was $9.15 in the Palm Beach metro
- Rent in the Palm Beach metro was up 0.5% from Q1 2024.
- Rent has risen in every quarter since Q1 2021 in the Palm Beach metro.
- Rent is expected to finish 2024 at $9.32 in the Palm Beach metro.
Flex / R&D
The average Asking Rent was $13.91 in the Palm Beach metro
- Rent in the Palm Beach metro was up 0.7% from Q1 2024.
- Rent is expected to finish 2024 at $14.22 in the Palm Beach metro.
Office
The average Asking Rent was $38.64 in the Palm Beach metro
- The Palm Beach metro had the fastest rent growth in the nation.
- Palm Beach metro had its fastest rent rate of increase since Q2 1999.
- Rent has risen in every quarter since Q1 2021 in the Palm Beach metro.
Retail
The average Asking Rent was $25.57 in the Palm Beach metro
- Rent in the Palm Beach metro was up 0.2% from Q1 2024.
- Rent is expected to finish 2024 at $25.88 in the Palm Beach metro.
VACANCY
Apartment
The average Vacancy Rate was 5.7% in the Tampa-St. Petersburg metro
- Vacancy in the Tampa-St. Petersburg metro rose by 50 basis points.
- The Tampa-St. Petersburg metro had the highest vacancy level since Q3 2012.
- Vacancy is expected to finish 2024 at 5.7% 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 ninth lowest vacancy in the nation and the third lowest in the South Atlantic.
- No vacancy change since Q1 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
- Vacancy in the Tampa-St. Petersburg metro drifted upward by 10 basis points.
- The Tampa-St. Petersburg metro had the highest vacancy level since Q2 2021.
- Vacancy is expected to finish 2024 at 5.7% in the Tampa-St. Petersburg metro.
Office
The average Vacancy Rate was 20.9% in the Tampa-St. Petersburg metro
- Vacancy in the Tampa-St. Petersburg metro drifted downward by 40 basis points.
- Vacancy is expected to finish 2024 at 21.3% in the Tampa-St. Petersburg metro.
Retail
The average Vacancy Rate was 9.0% in the Tampa-St. Petersburg metro
- No vacancy change since Q1 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 9.1% in the Tampa-St. Petersburg metro.
RENT
Apartment
The average Asking Rent was $1,626 in the Tampa-St. Petersburg metro
- Rent in the Tampa-St. Petersburg metro was up 0.3% from Q1 2024.
- Rent is expected to finish 2024 at $1,643 in the Tampa-St. Petersburg metro.
Distribution / Warehousing
The average Asking Rent was $6.99 in the Tampa-St. Petersburg metro
- Rent in the Tampa-St. Petersburg metro was up 0.4% from Q1 2024.
- Rent has risen in every quarter since year-end 2019 in the Tampa-St. Petersburg metro.
- Rent is expected to finish 2024 at $7.16 in the Tampa-St. Petersburg metro.
Flex / R&D
The average Asking Rent was $10.00 in the Tampa-St. Petersburg metro
- The Tampa-St. Petersburg metro had the second fastest rent growth in the nation, behind only Fort Lauderdale.
- Tampa-St. Petersburg metro had its fastest rent rate of increase in seven quarters.
- Rent has risen in every quarter since Q3 2020 in the Tampa-St. Petersburg metro.
Office
The average Asking Rent was $26.93 in the Tampa-St. Petersburg metro
- Rent in the Tampa-St. Petersburg metro was up 0.6% from Q1 2024.
- Tampa-St. Petersburg metro had its fastest rent rate of increase in six quarters.
- Rent Has risen for eight consecutive quarters in the Tampa-St. Petersburg metro.
Retail
The average Asking Rent was $16.41 in the Tampa-St. Petersburg metro
- Rent in the Tampa-St. Petersburg metro was up 0.1% from Q1 2024.
- Rent is expected to finish 2024 at $16.53 in the Tampa-St. Petersburg metro.