Florida Industrial Rents Q2 2020

Second quarter rents reflect minimal 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 market highs.
For most industrial markets in Florida, the high point for rent this cycle was at the end of the first quarter of 2020.

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