The Florida office markets are mostly healthy through Q3 2023, taking advantage of booming job markets, especially in Miami and Orlando, according to the Q3 2023 Florida Office Market Report by Avison Young.
As of the end of August, Miami's unemployment rate decreased by 100 basis points compared to August 2022, reaching 1.9%, which is notably lower than the U.S. unemployment rate of 3.8%.
Its asking rates surged by 40% post-pandemic — the most among major U.S. cities.
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