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Despite Outperforming the Nation, Cracks Appear in South Florida’s Office Market

A Subset of Mostly Older and Suburban Properties Post Occupancy Declines as Tailwinds Subside
CoStar Analytics
April 30, 2024 | 4:54 P.M.

The latest employment data from the Bureau of Labor Statistics continues to show a healthy labor market in South Florida. However, office-using job growth has slowed, and that slowdown is affecting office demand.

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