MIAMI—Various factors impact vacancy rates in South Florida. But a new CBRE research report is pointing to one that may not be top of mind for most brokers: for-profit campus downsizing.

At issue are proposed federal regulations that aim to strengthen student outcomes at for-profit schools. CBRE is predicting these regulations could impact office space absorption and vacancy rates in some Florida commercial real estate markets. In fact, according to CBRE, at least three major institutions have reduced their office footprint since the new school performance mandates were proposed in 2011.

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