• The year closed with net absorption of nearly 16.5 million sq. ft.
  • Statewide vacancy declined 60 bps to 4.4%.
  • 2017 deliveries significantly outpaced construction activity from the previous year.
  • Statewide sales volume reached $2.8 billion at the close of 2017. Cross-border activity was stable year-over-year.
  • Florida’s unemployment fell to 3.7% contributing to high consumer sentiment