Florida Industrial Rents Q2 2020

Second quarter rents reflect┬áminimal impacts from COVID-19. Warehouse/Distribution direct rents increased to near record highs in several markets based on confidence pre-COVID. Average rent growth YOY in Florida was 8.3%, and average statewide rents were 12.9% higher than previous cycle highs. On an inflation adjusted basis, statewide rents were off by 6.1% from the previous[…]