South Florida Office Values Expected To Outperform Relative to Other Major US Markets

The South Florida office market continues to outperform the broader nation in terms of rent gains with Miami, Palm Beach and Fort Lauderdale posting annual rent gains of 7.3%, 6.6% and 5.3% respectively so far in July. Those average gains are well above the national index for office rent gains of around 1%. Office space availability also remains under 14% across South Florida, below the more than 16% average office availability nationally.