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Industrial Vacancies Up in Miami-Dade and Broward but Down in Palm Beach County

MIAMI-Year-to-date net absorption is improving sharply and rents are rising or holding steady, giving brokers and analysts confidence the total 268 million-sf market is stable and showing signs of improvement, according to new third-quarter research by Cushman & Wakefield of Florida Inc.

By David R. Corder | Updated on October 16, 2001

MIAMI-Third-quarter industrial vacancies rose in Miami-Dade and Broward counties but declined in Palm Beach county, a new analysis by Cushman & Wakefield of Florida Inc. shows.

Year-to-date net absorption is improving sharply and rents are rising or holding steady, giving brokers and analysts confidence the total 268 million-sf market is stable and showing signs of improvement.

The vacancy rate increased by only eight-tenths of a percent over second-quarter estimates in Miami-Dade County; by 1.4% in Broward County; and actually decreased by 1% in Palm Beach County.

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