South Florida's commercial real estate market is thriving, with nearly $10 billion traded in the first three quarters, the strongest since 2022. Office building sales reached almost $2 billion despite remote work concerns, supported by rising rents and legal industry leasing. Multifamily properties led investment, driven by tight housing and rising prices. Industrial space showed flat or lower prices, possibly due to tariff volatility. Florida also eliminated its 2% commercial lease tax.
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