Large Blocks of Logistics Space Increasingly Available Across South Florida

Leasing activity for logistics space in South Florida has continued to slow, with just over 3 million square feet leased so far in the second quarter of 2023. The total amount of leased industrial space has continued to drop since the fourth quarter of 2022, when just over 4.5 million square feet were leased, followed by just over 4 million square feet leased in the first quarter of 2023.