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32,000 New Jobs Predicted for South Florida Office Market

MIAMI-Healthy employment gains are expected to fuel improvements in the market, according to a recent South Florida Office Market Research Report by Marcus & Millichap.

By Melissa Bogdany | Updated on July 15, 2003

MIAMI-The South Florida area is expected to see healthy employment gains this year, followed by stronger market statistics next year, according to Marcus & Millichap Real Estate Investment Brokerage Co.’s recently released South Florida Office Market Research Report.

In South Florida, the employment growth rate is expected to increase to 1.8% this year, when 32,000 new jobs are predicted, mostly in the service industry. This compares to 17,000 jobs added in 2002.

The report, which includes Miami, Fort Lauderdale and West Palm Beach, states that investors are seeing signs of recovery and driving sales prices up throughout South Florida.

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