South Florida is seeing some mixed results for the industrial sector, with Miami-Dade County seeing a big change in supply versus demand.

This is based on three separate insight market reports from JLL, which not only evaluated the third quarter performance in Miami-Dade but in Palm Beach and Broward counties too.

While Miami-Dade finished the third quarter with a positive net absorption of 1.5 million square feet, the figure failed to outpace supply for the first time since 2020. That led to vacancy ticking up 70 basis points from the June ending quarter to 3.9 percent.

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