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MARKET TREND: South Florida’s Industrial Vacancy Increases To 3.9%

The South Florida Industrial market ended the second quarter 2017 with a vacancy rate of 3.9%.

The vacancy rate was up over the previous quarter, with net absorption totaling positive 599,281 square feet in the second quarter. That compares to positive 1,095,827 square feet in the first quarter 2017. Vacant sublease space increased in the quarter, ending the quarter at 785,915 square feet.

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