• Overall vacancy in the state’s industrial market decreased once again in Q1 2019, closing the quarter at 4.0%
  • Construction activity continued to increase in all Florida’s major markets during the first quarter 2019
  • While user interest remained strong throughout the state, new and expansion leasing activity was limited during the quarter.
  • As vacancy continued to fall, asking rental rates remained on the rise, closing the quarter averaging $6.41 psf/yr (NNN).
  • Although new and expansion leasing activity was subdued in Q1 2019, industrial sales activity increased 30.1% from the same period in 2018.