Market Reports

Lee & Associates South Florida Q3 Report: Office Market Demonstrates Resilience Amid National Slowdown Local multifamily and industrial sectors soften in third quarter of 2024, while retail maintains strong performance…   MIAMI, FL (October 23, 2024) – South Florida’s office market is not experiencing the doom and gloom reported in other parts of the country, according to Lee & Associates South Florida’s Q3 2024 market report. The local multifamily and industrial sectors saw sharp vacancy…

Lee & Associates South Florida Q2 Report: Industrial Vacancies Jump Year-Over-Year Local retail, office and multifamily markets maintain performance in second quarter of 2024…   MIAMI, FL (July 26, 2024) – South Florida’s industrial market experienced a sharp year-over-year increase in vacancies, according to Lee & Associates South Florida’s Q2 2024 market report. The local retail, office and multifamily sectors largely held steady during the second quarter of 2024, however, as the region continues to…

Lee & Associates South Florida Q1 Report: Vacancies Stabilize in Key Real Estate Sectors Local retail, office, multifamily and industrial markets continue to outperform national averages…   MIAMI, FL (April 23, 2024) – South Florida’s commercial real estate market keeps outpacing the rest of the nation, even as the region is further removed from the pandemic-era frenzy of activity, according to Lee & Associates South Florida’s Q1 2024 market report. Vacancies stabilized in the local…

Lee & Associates South Florida Q4 Report: Vacancies Climb in Industrial and Multifamily Sectors Local office and retail markets hold steady amid broader real estate and economic headwinds…   MIAMI, FL (January 30, 2023) – South Florida’s industrial and multifamily markets saw notable year-over-year increases in vacancies, according to Lee & Associates South Florida’s Q4 2023 market report. The region’s office and retail sectors managed to keep vacancies in check, with the office market bucking…

Lee & Associates South Florida Q3 Report: Industrial Rents Keep Rising Despite Vacancy Uptick Local retail sector shines, while office and multifamily conditions soften…   MIAMI, FL (October 25, 2023) – South Florida’s local retail sector continues to show promising trends, and office and multifamily conditions soften, while the industrial market is experiencing conflicting trends of rising rental rates and increasing vacancies. With more than 13.21 million square feet of new industrial space under construction…

Lee & Associates South Florida Q2 Report: Multifamily Vacancies Creep Up as Rents Stabilize Local office sector to be tested by anticipated delivery of more than 8.4 million square feet of new construction by 2026…   MIAMI, FL (July 20, 2023) – South Florida’s multifamily sector is experiencing an increase in vacancies and flattening of apartment rents, according to Lee & Associates South Florida’s Q2 2023 market report. The region’s office market is bracing for…

South Florida’s Q1 Market Report Shows Region’s Retail Sector Continues to Outperform National Average, Multifamily Market Softens Local industrial and office sectors record relatively flat vacancies year-over-year, but demand remains strong…   MIAMI, FL (April 27, 2023) – South Florida maintained its status as a national retail sector standout in the first quarter of 2023, according to Lee & Associates South Florida’s Q1 2023 market report. The region’s multifamily market continues to soften, however, with…

South Florida’s Q4 Market Report Shows Industrial Rents Surge, Multifamily Vacancies Creep Up Local retail and office sectors continue to see rent and occupancy growth year-over-year…   MIAMI, FL (January 23, 2023) – South Florida’s industrial market does not appear to be cooling off from its historic run of record-low vacancies and rent growth, according to Lee & Associates South Florida’s Q4 2022 market report. The multifamily sector is beginning to see some softening as…

South Florida’s Q3 Market Report Reveals Retail Market on Fire, Industrial Vacancies Remain at Historic Lows Q3 Office rents stay on upward trajectory, while multifamily transactions slow down amid rising interest rates…   MIAMI, FL (October 20, 2022) – Mirroring a national trend for he third quarter, South Florida’s retail market is benefitting from sharp vacancy declines and rent increases across the tri-county area, according to the latest Lee & Associates Q3 2022 market report…