Across Florida’s four major markets, vacancy rates are nearing their lowest levels of the past two decades.
The Great Financial Crisis in 2008 saw a major spike in vacancy rates, the effects of which lasted well into 2014. However, retailers have been filling vacancies at a steady pace since then. As of 2021, vacancy rates in all four major markets dipped below 10% and are projected to be at or below 8% by 2023.