2019 Industrial Market Report - Broward County

The south Florida industrial market still remains strong. Industrial zoned land is scarce and new development is minimal. This combination has raised lease rates upwards of about $1.50-$2.00 PSF over the past couple of years. There is no sign of this momentum slowing down. As a matter of fact, we have never been busier. In addition, the size of the tenants has increased. In Broward County, we used to see maybe 3 tenants over 100,000 SF each year. Today there are about 15 searching for space in Broward County. This all adds up to positive news in the industrial sector. - Chris Metzger

INDUSTRIAL MARKET REPORT | 11