A leading global commercial real estate company is expecting thenorthern Florida industrial market to have occupancy levels andmarket rents soften modestly moving forward. The projection isreflective of the continued introduction of supply and slightlymuted demand in the region.
Colliers International expects this outcome as the reopening ofthe economy in the late second quarter has calmed investor's nervesand led to an increase in activity in the north Florida industrialmarket since April due to the challenges inflicted by thecoronavirus.
Positive indicators in data showed that the steady recovery ispart of a larger trend in the north Florida industrial market. Theindustrial market remains lucratively valued in the northernportion of the state compared to upper-tier markets. The reportstated that investors should expect the industrial class to staystable and continue its resilience in the next quarter.
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Michael A. Mora
Michael was born and raised in South Florida. He went to undergrad at Florida Atlantic University and earned his master's degree from the Columbia University Graduate School of Journalism. He is the crypto litigation reporter for Law.com, as well as an editor for ALM Global. You can email him at [email protected].
