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Florida Panhandle Report - H1 2024
September 4, 2024 5 Minute Read
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- Market conditions remain strong throughout Northwest Florida, with tight vacancy across most segments, continued demand for space from an expanding tenant base, and good rental economics for landlords.
- With expectations for the beginnings of some interest rate relief in H2 2024, the strong fundamental market conditions should support a recovery in capital markets as we enter 2025.
- CBRE’s mid-year cap rate survey revealed some compression from the prior period, another good sign for value recovery over the next year.