Strong Leasing Activity Will Drive More Development to South Florida
Strong leasing activity will drive more development in Miami's office market, particularly Wynwood.
February 14, 2022 at 06:00 AM
3 minute read
Special Reports Real EstateLeasing activity across South Florida remains strong, paving the way for more growth as many new-to-market companies expand their footprint across the office sector.
That's according to a 2021 report from JLL, which shows rents have consistently grown for the last six quarters, while absorption also rose as firms began to return to their spaces the second half of the year. And numerous office leases signed in Q4 indicate that net absorption will likely continue to be positive as South Florida's office market expands.
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