South Florida's office market is thriving, with Miami-Dade County seeing a 12.7% increase in rental rates. The Brickell submarket is particularly strong, with 93% occupancy at 830 Brickell. Palm Beach County's office rental rates also rose, but with some signs of softness. Broward County experienced a 4.6% rent increase and decreased vacancy. Despite national office market distress, South Florida remains stable, with low vacancy rates compared to the rest of the country.
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