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Florida
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BACK TO INSIGHTSEXPLORE 8 Florida MARKETSToggle markets
VACANCY
Apartment
Average Vacancy Rate 5.8%
- Drifted upward by 40 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 8.1%.
Distribution / Warehousing
Average Vacancy Rate 9.7%
- Drifted downward by 20 basis points.
- Expected to finish 2020 at 11.5%.
Flex / R&D
Average Vacancy Rate 7.5%
- Tenth lowest in the nation and the fifth lowest in the South Atlantic.
- Drifted downward by 30 basis points.
- Expected to finish 2020 at 9.2%.
Office
Average Vacancy Rate 16.5%
- Drifted downward by 10 basis points.
- Lowest level since Q1 2009.
- Expected to finish 2020 at 19.3%.
Retail
Average Vacancy Rate 8.5%
- Drifted upward by 20 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2020 at 11.2%.
RENT
Apartment
Average Asking Rent $1,607
- Down 1.0% from Q1 2020.
- Expected to finish 2020 at $1,570.
Distribution / Warehousing
Average Asking Rent $7.58
- Up 0.3% from Q1 2020.
- Has risen in every quarter since Q1 2014.
- Expected to finish 2020 at $7.07.
Flex / R&D
Average Asking Rent $10.16
- Up 0.3% from Q1 2020.
- Has risen in every quarter since Q1 2014.
- Expected to finish 2020 at $9.55.
Office
Average Asking Rent $29.23
- Flat since Q1 2020.
- Expected to finish 2020 at $28.13.
Retail
Average Asking Rent $21.63
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $19.60.
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
Average Vacancy Rate 5.0%
- No change since Q1 2020.
- Expected to finish 2020 at 7.6%.
Distribution / Warehousing
Average Vacancy Rate 11.8%
- Has risen for six consecutive quarters.
- Highest level since Q1 2017.
- Expected to finish 2020 at 12.4%.
Flex / R&D
Average Vacancy Rate 7.2%
- Ninth lowest in the nation and the fourth lowest in the South Atlantic.
- Rose by 80 basis points.
- Highest level since year-end 2017.
Office
Average Vacancy Rate 21.9%
- No change since Q1 2020.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 24.3%.
Retail
Average Vacancy Rate 11.1%
- No change since Q1 2020.
- Expected to finish 2020 at 13.4%.
RENT
Apartment
Average Asking Rent $1,078
- Down 0.1% from Q1 2020.
- Expected to finish 2020 at $1,052.
Distribution / Warehousing
Average Asking Rent $4.22
- Flat since Q1 2020.
- Expected to finish 2020 at $4.01.
Flex / R&D
Average Asking Rent $8.43
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $8.05.
Office
Average Asking Rent $20.06
- Down 0.1% from Q1 2020.
- Expected to finish 2020 at $19.51.
Retail
Average Asking Rent $16.87
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $16.17.
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
Average Vacancy Rate 6.6%
- Rose by 50 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 8.6%.
Distribution / Warehousing
Average Vacancy Rate 7.8%
- Declined by 90 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2020 at 10.0%.
Flex / R&D
Average Vacancy Rate 3.8%
- Lowest in the nation.
- Declined by 50 basis points.
- Lowest level since Q1 2018.
Office
Average Vacancy Rate 16.1%
- Drifted upward by 10 basis points.
- Expected to finish 2020 at 18.9%.
Retail
Average Vacancy Rate 6.1%
- Fifth lowest in the nation, and the second in the South Atlantic region, behind only Suburban Virginia.
- Drifted downward by 20 basis points.
- Expected to finish 2020 at 8.1%.
RENT
Apartment
Average Asking Rent $1,657
- Down 1.0% from Q1 2020.
- Expected to finish 2020 at $1,599.
Distribution / Warehousing
Average Asking Rent $7.74
- Flat since Q1 2020.
- Expected to finish 2020 at $7.32.
Flex / R&D
Average Asking Rent $11.55
- Up 0.3% from Q1 2020.
- Expected to finish 2020 at $10.85.
Office
Average Asking Rent $35.69
- Up 0.5% from Q1 2020.
- Has risen in every quarter since Q3 2013.
- Expected to finish 2020 at $34.69.
Retail
Average Asking Rent $29.57
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $26.96.
VACANCY
Apartment
Average Vacancy Rate 6.1%
- Drifted upward by 30 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 7.9%.
Distribution / Warehousing
Average Vacancy Rate 11.9%
- Drifted downward by 30 basis points.
- Expected to finish 2020 at 13.2%.
Flex / R&D
Average Vacancy Rate 8.1%
- Increased by 120 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2020 at 9.0%.
Office
Average Vacancy Rate 15.4%
- Increased by 90 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2020 at 16.9%.
Retail
Average Vacancy Rate 9.6%
- Drifted upward by 40 basis points.
- Expected to finish 2020 at 12.8%.
RENT
Apartment
Average Asking Rent $1,303
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $1,269.
Distribution / Warehousing
Average Asking Rent $5.59
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $5.32.
Flex / R&D
Average Asking Rent $8.61
- Up 0.3% from Q1 2020.
- Expected to finish 2020 at $8.12.
Office
Average Asking Rent $24.38
- Up 0.1% from Q1 2020.
- Has risen in every quarter since Q3 2014.
- Expected to finish 2020 at $23.40.
Retail
Average Asking Rent $20.51
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $18.09.
VACANCY
Apartment
Average Vacancy Rate 5.1%
- Drifted downward by 10 basis points.
- Lowest level since Q2 2017.
- Expected to finish 2020 at 7.0%.
Distribution / Warehousing
Average Vacancy Rate 5.7%
- Seventh lowest in the nation and the third lowest in the South Atlantic.
- Drifted downward by 20 basis points.
- Expected to finish 2020 at 7.5%.
Flex / R&D
Average Vacancy Rate 11.1%
- Drifted upward by 30 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 13.0%.
Office
Average Vacancy Rate 14.4%
- Drifted downward by 30 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2020 at 16.4%.
Retail
Average Vacancy Rate 8.7%
- No change since Q1 2020.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2020 at 10.9%.
RENT
Apartment
Average Asking Rent $1,588
- Second lowest rent growth in the nation, higher than only San Francisco.
- Expected to finish 2020 at $1,545.
Distribution / Warehousing
Average Asking Rent $6.96
- Down 0.1% from Q1 2020.
- Expected to finish 2020 at $6.50.
Flex / R&D
Average Asking Rent $11.26
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $10.33.
Office
Average Asking Rent $31.76
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $30.48.
Retail
Average Asking Rent $25.23
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $22.43.
VACANCY
Apartment
Average Vacancy Rate 4.8%
- Drifted upward by 10 basis points.
- Expected to finish 2020 at 6.6%.
Distribution / Warehousing
Average Vacancy Rate 8.0%
- Drifted downward by 20 basis points.
- Lowest level since Q2 2018.
- Expected to finish 2020 at 9.6%.
Flex / R&D
Average Vacancy Rate 9.1%
- Increased by 120 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2020 at 10.9%.
Office
Average Vacancy Rate 16.4%
- No change since Q1 2020.
- Expected to finish 2020 at 18.2%.
Retail
Average Vacancy Rate 9.5%
- Drifted upward by 10 basis points.
- Expected to finish 2020 at 12.1%.
RENT
Apartment
Average Asking Rent $1,195
- Flat since Q1 2020.
- Expected to finish 2020 at $1,159.
Distribution / Warehousing
Average Asking Rent $5.63
- Up 0.4% from Q1 2020.
- Expected to finish 2020 at $5.37.
Flex / R&D
Average Asking Rent $8.43
- Up 0.4% from Q1 2020.
- Expected to finish 2020 at $8.02.
Office
Average Asking Rent $25.48
- Fourth fastest rent growth in the nation, and the second in the South Atlantic region, behind only Suburban Virginia.
- Has risen in every quarter since Q3 2012.
- Expected to finish 2020 at $24.42.
Retail
Average Asking Rent $16.08
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $14.38.