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Miami and Jacksonville buck national trend in office loan defaults

Miami and Jacksonville buck national trend in office loan defaults

A report by The Kaplan Group identifies Miami and Jacksonville as strong performers in the national office loan market, featuring low vacancy rates and quick rental turnovers. Miami's office spaces have a median market time of 278 days, while Jacksonville's is just 163 days, both significantly lower than the national average. Factors such as population growth and favorable business policies contribute to their success, contrasting sharply with struggling financial hubs like San Francisco, Seattle, and Houston, which face higher risks of defaults.

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