Avison Young releases new interactive website for 2Q 2021 South Florida office market reports

Fort Lauderdale Office Market Report (Q2 2021)

Market fundamentals are stable and showing signs of improvement with a marked uptick in leasing interest and touring activity. A majority of occupiers in Fort Lauderdale continue to prefer 3-5 year deals at present, and landlords continue to provide free rent on multiple-year deals.



Miami Office Market Report (Q2 2021)
Total vacancy in Miami is at an eight-year high, totaling 16.9%, however leasing momentum is strong and sublease space is beginning to moderate. Asking rents are up significantly as the amount of activity and tenants in the market has landlords confident that they can achieve premium rates.


West Palm Beach Office Market Report (Q2 2021)

Leasing activity has been strong in West Palm Beach so far in 2021 with strong in-migration coming from the Northeast. Average base rents continue to climb, particularly within the CBD as pricing pressure heats up due in part to an increased supply of class-A space. 


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