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Newly Released Report: Florida’s Industrial Markets See Increase In Spec Construction

Industrial markets throughout Florida are experiencing a return to pre-recession occupancy levels and rental rates, according to a newly released Cushman & Wakefield report.

Statewide, second quarter rents stood at $7.03, with occupancy at 95.1 percent. Year-to-date, industrial absorption increased to about 3.7 million, according to the report.

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Beacon Centre Business Park Reaches 100% Occupancy

Miami-based brokerage and advisory firm State Street Realty, working on behalf of Landlord Prologis, recently closed approximately 45,000 square feet in lease deals, bringing the industrial space at the 1.7 million-square-foot Beacon Centre Business Park to 100% occupancy.

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