Market Trend: South Florida’s Industrial Vacancy Decreases to 8.0%

The South Florida Industrial market ended the second quarter 2012 with a vacancy rate of 8.0%.

The vacancy rate was down over the previous quarter, with net absorption totaling positive 1,241,489 square feet in the second quarter. Vacant sublease space decreased in the quarter, ending the quarter at 572,922 square feet.

Tenants moving into large blocks of space in 2012 include: Banah International moving into 301,000 square feet at 213…
South Florida Commercial Real Estate News From CoStar Group