With leasing activity moderating to pre-pandemic norms, the strong run up in industrial rents appears to be flatlining across South Florida. With the exception of Palm Beach, space-weighted asking rents have fallen around 5% from recent highs seen in early 2024.
South Florida industrial rents remain flat over the last year
After double-digit hikes, rents start to stabilize at elevated levels
By Juan Arias
CoStar Analytics
October 22, 2024 | 1:51 P.M.
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