Q4-21 Office Report: South Florida

March 28, 2022

SOUTH FLORIDA OFFICE MARKET OVERVIEW The South Florida office market, comprising Miami-Dade, Broward and Palm Beach counties, is well on its way to recovery. The market is experiencing very healthy employment and economic fundamentals, and average rental rates remain a significant amount of new office construction and record investment sales pricing are promising signs of…

Q4-21 Office Report: Orlando

ORLANDO OFFICE MARKET OVERVIEW At the epicenter of Florida’s booming I-4 Corridor, the Orlando marketis experiencing tremendous population and economic growth. Whilethe office market has been slower to recover than most sectors ofcommercial real estate—echoing national trends in the sector—leasingactivity is steadily increasing. ORLANDO OFFICE MARKET TRENDS TO WATCH While the Orlando office market still…

The Real Deal: Franklin Street promoted chief revenue officer to CEO

Franklin Street promoted Matthew Harrell to CEO of the commercial real estate and insurance services firm. Harrell has been with the Tampa-based company since 2009 and was most recently chief revenue officer. He succeeded Franklin Street founder Andrew Wright, who remains chairman of the board of directors. Read more from The Real Deal.

Q4-21 Office Report: Tampa Bay

TAMPA BAY OFFICE MARKET OVERVIEW The Tampa Bay commercial real estate market is one of the hottest in the country and, despite pandemic-related pressures, the office sector is no exception. While there are still challenges and changes ahead, Tampa continues to attract people and companies from all over the country, which las led to significant…

Q4-21 Office Report: Atlanta

ATLANTA OFFICE MARKET OVERVIEW Home to numerous national headquarters, the Atlanta office market suffered a sharp increase in vacancy rates during the height of the pandemic. However, the market has been steadily improving ever since, as companies return to office full time and unemployment remains well below the national average. While vacancy rates are still…