South Florida’s office market remains one of the hottest markets in the Southeast, with asking rates breaking records two quarters in a row in Miami, and vacancy rates remaining low and stabilizing in Broward and Palm Beach counties.
That’s according to JLL’s Q3 Office Insight Reports for South Florida, which found new-to-market tenants are driving momentum as companies expand their footprint in Florida. As the new population hopes to take advantage of tax benefits, good weather and a range of luxury products, the rest of the year is expected to be the strongest year for the Miami office market since the start of the COVID-19 pandemic.
