In South Florida, the employment growth rate is expected toincrease to 1.8% this year, when 32,000 new jobs are predicted,mostly in the service industry. This compares to 17,000 jobs addedin 2002.

The report, which includes Miami, Fort Lauderdale and West PalmBeach, states that investors are seeing signs of recovery anddriving sales prices up throughout South Florida.

"South Florida's office market will remain soft through 2003,but show significant improvement in 2004," Gene A. Berman, seniorvice president and regional manager of the company's FortLauderdale office, said in the report.

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