Florida, particularly South Florida, is experiencing strong demand for office space despite national vacancy rates reaching a 45-year high. A report indicates that one-quarter of U.S. office space could be vacant by early 2026, largely due to remote work trends. In contrast, South Florida's business-friendly environment has attracted companies, resulting in lower vacancy rates compared to major cities like New York and Chicago. Currently, South Florida has 13.19 million square feet of vacant office space, with Miami-Dade County accounting for 6.09 million square feet.
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