• Statewide, twenty-five buildings were under construction at the close of Q1 2019, totaling 3,519,205 sq. ft. 
  • The Florida office market’s overall vacancy rate in Q1 2019 was at 10.9% and is down 80 basis points (bps) year-over-year. 
  • The direct average asking lease rate for Q1 2019 stood at $30.43 per sq. ft. 
  • Florida’s office market finished Q1 2019 with 1.1 million sq. ft. of net absorption.