2020 Industrial Market Report BROWARD Q2 2020

Broward County’s Fort Lauderdale- Hollywood International Airport (FLL) is one of the fastest-growing airports in the U.S. In 2019 passenger traffic, FLL ranked 19th in the U.S.

35.9M DOMESTIC & INTERNATIONAL PASSENGERS

15,000 IN-AIRPORT JOBS

125,000 JOBS THROUGH ANCILLARY SERVICES

312,763 AIRCRAFT OPERATIONS

108,462 CARGO TONS

$13.2B ECONOMIC IMPACT

• In 2018, FLL carried more international passengers than LaGuardia, Baltimore, San Diego, Tampa, • Phoenix, and Washington National…combined • FLL has had 5 consecutive years of double digit growth in international traffic • In 2018, international traffic was 24% of total traffic compared to 19% in 2014 • Passenger traffic has increased by over 12M passengers since 2013, up 53% • Lowest average domestic base fare for 2018 among large hub airports

The Industrial market was stagnant for March and April. Covid 19 caused many companies to hit the pause button on their expansion needs. Toward the end of May, prospects started peeking out from under their blanket. In June, we started to see a good pick up in property showings, request for proposals, and lease negotiations. We feel the pent demand for space will explode once we get past the initial fear of the virus and the economy fully opens back up. - Chris Metzger

Source: broward.org

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