Thanks to some of the nation’s most substantial population growth rates, South Florida had virtually no impact from the pandemic due to increased consumer spending and growing e-commerce sales. The industrial sector’s relative insulation from the global pandemic has enabled South Florida owners/users to push rents anywhere between 9.2 to 15.7 percent. Except for Fort Myers, industrial construction has been cool in most South Florida markets, and net absorption has nearly outpaced deliveries. Land constraints make it difficult to build scalable projects throughout South Florida, but that hasn’t stopped almost every market in the area from achieving record-breaking sales.