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Articles by Eric Messer
MarketBeat Jacksonville Office Q3 2026
Share: Insights This MarketBeat report covers the Jacksonville office market for Q3 2026, highlighting key themes across supply, demand, and pricing. Read the report for the full overview and narrative insights. DOWNLOAD THE Q3 2026 REPORT Supply Jacksonville's overall vacancy rate declined 90 basis points (bps) year-over-year (YOY) to 20.6% at the close of Q3, reflecting continued improvement in market fundamentals.
MarketBeat Broward Office Q3 2026
Share: Insights This MarketBeat report covers the Broward County office market for Q3 2026, highlighting key themes across supply, demand, and pricing. Read the report for the full narrative and context. DOWNLOAD THE Q3 2026 REPORT Supply Broward County's overall vacancy rate decreased 30 basis points (bps) quarter-over-quarter (QOQ), the first decline after three consecutive quarterly increases. Despite the QOQ drop, vacancy remained 30 bps higher year-over-year (YOY).
Tampa Bay Office MarketBeat
Share: Insights This MarketBeat report covers the Tampa Bay office market for Q3 2026, highlighting key themes shaping demand, supply, and pricing across the region. Read the report for the full details and context. DOWNLOAD THE Q3 2026 REPORT Demand The Tampa Bay office market rebounded in Q3, posting nearly 212,000 square feet (sf) of net absorption after a modest loss in Q2. This was the strongest quarter since Q2 2025 and brought the year-to-date (YTD) total to 265,000 sf.
Jacksonville Could be the Next Southeast Industrial Boom Market
A Look at the Latest Southeast Industrial Boom Market Amazon fulfillment center in Deltona, Fla. Photo: Paul Hennessy/NurPhoto via Getty Images Eric Messer. Credit: Cushman & Wakefield Throughout the industrial boom of recent years, Florida’s industrial market experienced tightening conditions and continuous record-breaking performance, driven by robust warehouse/distribution activity in the port cities of Miami and Tampa. But an additional market might be reaping the benefits.
South Florida’s Office Sector May Be Cooling Off, But the Forecast Remains Sunny
South Florida’s commercial real estate market for the first time demonstrated signs that it may be starting to feel the impacts of the Fed’s interest rate hikes to restrict inflation that began in March 2022. The region’s office supply barely outpaced demand in South Florida as a whole, but results differed across asset type, location and in urban versus suburban areas, with Class A office in Miami’s central business district outperforming most of the region’s benchmarks.
The Buildup and Outlook for Florida’s Industrial Market in 2023
Industrial assets built throughout Florida between 2015 and 2022 have led to record-setting development totals never before seen in the state’s history. One key measurement of the success of new supply is property stabilization rates. (Assets are considered stabilized once 90 percent of the building is leased.) Over the past five years, Jacksonville and Miami ranked as the top two markets in Florida to stabilize in the shortest period of time.
Industrial Wave Triggers Tight Market Conditions in South Florida
The South Florida industrial leasing market saw another seven-figure performance in the third quarter of 2022, with approximately 1.4 million square feet (msf) of positive net absorption at its close — keeping the region on track for another dynamic annual occurrence. Year-to-date more than 6 msf of industrial space was absorbed throughout the region. New leasing activity for the third quarter totaled 3.8 msf, combining for more than 12.9 msf of lease deals for the region so far this year.
South Florida Was the Office Market’s Bright Spot in Q3
South Florida’s regional office market continued to improve from the impacts experienced as a result of the COVID-19 global pandemic. All three counties, in fact, recorded more than 100,000 square feet (sf) of positive net absorption during the third quarter of 2022, bringing year-to-date net absorption to more than 1 million square feet (msf). Overall vacancy ticked downward as leasing activity remained solid, combining for over 1.8 msf of new deals signed in the third quarter.
Panama Canal expansion's impact on South Florida industrial market
The Panama Canal expansion, which began commercial operation in 2016, has added a wider traffic lane and doubled its capacity to accommodate large container ships. These ships carry over 13,000 TEUs and some exceed 22,000 TEUs. Because of the influx in large ships, seaports across the globe are experiencing bottlenecks, customs delays and the need for bigger cranes. Many ports, including PortMiami, have undergone improvement projects to better accommodate the ships.
Care Connection
Care Connection for Aging Services is celebrating National Nutrition Month in March in all of its 22 senior center dining rooms in West Central Missouri.The area agency for aging cooks more than 550,000 meals annually; 189,000 meals are served in the senior center dining rooms and another 361,000 are delivered to the homebound seniors.The menus are devised to be tasty as well as nutritious. Besides providing the meals, the agency staff provides education on healthy eating for people 60 and older.
South Florida's industrial market hitting on all cylinders with Miami leading the pack - South Florida Business Journal
Another year of robust absorption pushed down South Florida's industrial vacancies in spite of extensive new development. In the fourth quarter 2017, the tri-county region's overall vacancy rate dipped 20 basis points from the previous quarter, reflecting six consecutive years of growth. Net absorption surpassed 3.7 million square feet, down from the prior year, but still healthy enough to maintain high occupancy despite the addition of more than 4 million square feet of new industrial inventory.
Miami and Fort Lauderdale office market expected to be tight into new year - South Florida Business Journal
Strong absorption with little new construction has pushed down office vacancy rates throughout South Florida. In the fourth quarter 2017, the region's overall vacancy rate was 100 basis points lower than year-end 2016, reflecting six consecutive years of growth. Net absorption was more than 1.5 million square feet, similar to the 2016 absorption level.
Demand remains strong in Tampa's affordable industrial market
Demand continues to outpace supply in Tampa's industrial market, which is poised for further growth in 2018. The city absorbed more than 82,500 square feet of industrial space during the third quarter, and more than 1.3 million square feet so far this year according to Newmark Knight Frank's Research. Since the beginning of 2012, the pace of absorption has pushed vacancy rates down by 420 basis points to 5.7 percent (see vacancy rates chart below).
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