The impacts on Miami-Dade County's office market from sweepingwork-from-home requirements are evident as it experienced a drop inoccupancy since April.

Miami-Dade office real estate experienced a negative483,014-square-foot absorption in the second quarter, the firsttime the county reported negative absorption since last year'sfirst quarter, according to a Colliers International report. Alsoof note is the 0.5 percentage point increase in the vacancy rate to9.5% from this year's first quarter.

The drop in occupancy doesn't necessarily spell out a downwardspiral for the office market as Colliers expects abalancing act of sorts. While struggling companies areshutting down leaving vacant square footage, companiesstill in business are expected to absorb this square footage asthey expand their footprint by spacing out workstations inaccordance with social distancing.

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Lidia Dinkova

Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.