• The Florida office market’s overall vacancy rate in Q4 2018 is down 60 basis points (bps) from Q4 2017. 
  • The CBD submarkets had the largest impact on the overall lease rate with 7.4% growth year-over-year.
  • Florida’s office market finished 2018 with net absorption of 2.4 million sq. ft.
  • At the close of Q4 2018, there were 25 office buildings under construction totaling 2,843,064 sq. ft.