Share:

Florida Office Rent Cost Report Q2 2020

Chris Owen • 8/5/2020
The COVID-19 pandemic struck the U.S. in March 2020, late in the quarter but with enough time to have a significant impact on first quarter market fundamentals.

Florida Office Rent Cost Graphic

In the second quarter of 2020, the U.S. economy felt its effects more fully, as government-mandated shutdowns along with shelter-in-place ordinances pushed the country deeper into recession. The situation remains very fluid. Access the most recent information specific to COVID-19 here
Florida's unemployment rate was 10.4% in June 2020, down 330 basis points (bps) from the month prior and 720 bps from one year ago. Florida's consumer driven market and heavy reliance on tourism meant that large swaths of working age people were laid off or furloughed.

Related Insights

Q3-REIT- Asset Card
Article

Self-Storage REIT Report Q3 2020

The self-storage industry has displayed tremendous resiliency amid the COVID-19 pandemic. The third quarter was very positive considering the current state of the market and what results we saw in the second quarter. Rental rates in the market were trending upwards as demand for the product was increasing. Move-in rates were starting to turn positive year-over-year (YoY) and occupancies were at an all-time high across all the REITs with move-outs at a low point.
Mike Mele • 11/19/2020
Florida Sublease Office Market
Research • Office

Florida Office Sublease Market Report Q3 2020

Florida has experienced a 22% increase in vacant sublease space since the Covid-19 pandemic shocked the economy in March. 
Chris Owen • 11/19/2020
Florida Industrial Construction
Insights • Industrial

Florida Industrial Construction Report Q3 2020

Nine months into the pandemic, demand from industrial users accelerated with powerful impacts on all Florida markets. Traditionally, industrial space is the most responsive to immediate changes in the overall economy due to shorter construction timelines and tenants' nimble ability to ramp up or down operations based on demand.
Chris Owen • 11/17/2020

How can we help?

We look forward to connecting with you.