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Urban office markets across South Florida recorded significant negative absorption in the second quarter, although rental rates so far remain unaffected. In the long run, market observers find reasons for optimism in undiminished demand for Class A space, including a tendency of new high-end properties to lease up relatively quickly despite a general falling off
The post Office markets shrink across South Florida, but new Class A performs well appeared first on JLL Florida Blog.
As the state of Florida braces for another hurricane season, which kicked off earlier this month and runs until November 30th, it’s important to know what preparations and measures to take in advance to properly protect commercial real estate properties. Forecasters are predicting another active hurricane season following an intense 2017 that included the impactful
The post CRE Hurricane Prep: How to Plan, Communicate and Secure Properties appeared first on JLL Florida Blog.
JLL’s Retail Outlook for the first quarter found major U.S. metro areas falling from the peak of the real estate cycle, with rents softening and vacancies stagnant or mounting. In key Florida markets, however, retail is faring comparatively well. While Tampa is just beginning to experience a softening of the market, fundamentals in Miami and
The post Florida Outperforms National Trends as Retail Inches toward a Slowdown appeared first on JLL Florida Blog.