Market Trend: South Florida’s Industrial Vacancy Stays at 9.0%

The South Florida Industrial market ended the third quarter 2011 with a vacancy rate of 9.0%.

The vacancy rate was unchanged over the previous quarter, with net absorption totaling positive 568,903 square feet in the third quarter. Vacant sublease space decreased in the quarter, ending the quarter at 916,425 square feet.

Tenants moving into large blocks of space in 2011 include: Bel Inc. moving into 342,750 square feet at Lincoln Logistics…
South Florida Commercial Real Estate News From CoStar Group