Figure | Future Cities

Broward Industrial Figures Q1 2022

21 abr. 2022

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  • The vacancy rate sits at 4.2% driven by AMD Supply, Fuse Appliances and Georg Fisher occupying space in Q1 2022. Four submarkets now boast below-4.0% vacancy rates: Central Broward, Coral Springs, Pompano/LAuderdale and Sunrise.
  • Asking rents rose 6.8% since last quarter to $10.88/sq. ft. The warehouse and distribution rate climbed to $9.80/sq. ft. and for the first time, every submarket in Broward demands more than $10.00/sq. ft.
  • Southwest Broward recorded 40% of total leasing activity, with three of the largest leases of the quarter signed in this submarket.