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South Florida

Florida office market shows positive absorption for first time since 2007

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Florida’s office market experienced year-end positive absorption for the first time since 2007, according to a statewide MarketView by CB Richard Ellis. The report, which covered commercial properties in the Jacksonville, Orlando, Tampa Bay and South Florida markets, also found that asking office lease rates continue to stabilize around the state. On the industrial side, vacancies continued to drop, and more properties are set to break ground. — Alexander Britell

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