search

The Real Deal Logo

Trending

Tides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealLA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsGlossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseLandlords to Rent Board: The Bronx will burn againLandlords to Rent Board: The Bronx will burn again
South Florida

Reports: SF commercial still strong

Sign Up for the undefined Newsletter

Florida’s statewide office vacancy rate was 6.6 percent in the second quarter, compared to the U.S. average of 7.7 percent, according to Cushman & Wakefield reports. CB Richard Ellis and C&W reports put overall vacancy rates in Miami-Dade, Broward and Palm Beach counties between 5 percent and 8 percent. Average asking rental rates have dipped, however, especially in Broward County. C&W reports that the average rental rate there went to $8.87 per square foot, from $9.24 per square foot in the first quarter.