Why South Florida

OFFICE MARKET SNAPSHOT - Q1 2025 89.6 MSF Area Management Wildlife Holey Land MIAMI

Refuge Wildlife National

Beach Delray

Kings Point

BROWARD

PALM BEACH

441

95

FLORIDA’S TURNPIKE

JUPITER / TEQUESTA / JUNO

1

A1A

South Florida

Boca Raton

AVENTURA

Deem City

PALM BEACH GARDENS / NORTH PALM

FLORIDA’S TURNPIKE

CORAL SPRINGS

441

DEERFIELD BEACH

49.1 MSF

40.5 MSF

Parkland

A1A

MIAMI LAKES

A1A

869

826

NORTHEAST DADE

95

Creek Coconut

PALM BEACH

75

Point Lighthouse

Springs Coral

CLASS A

CLASS B

811

441

95

1

SUBURBAN WEST PALM BEACH

POMPANO BEACH

MARGATE

Margate

27

WEST PALM BEACH

1

AIRPORT EAST/ CENTRAL DADE

Beach Pompano

704

869

811A

Lauderdale North

Tamarac

TAMARAC

98

BISCAYNE

FLORIDA’S TURNPIKE

882

CLASS A SPOTLIGHT

826

95

MIAMI BEACH

Park Oakland

AIRPORT WEST

FLORIDA’S TURNPIKE

27

CENTRAL BROWARD

Sunrise

812

112

441

I95

1

A1A

A1A

LAKE WORTH

SUNRISE

BROWARD

Lauderhill

95

836

Lauderdale Fort CBD

PLANTATION

75

CBD

1

41

FLORIDA’S TURNPIKE

595

BOYTON BEACH

and Francis Everglades

CORAL WAY

Weston WESTON

Miami-Dade

CORAL GABLES

Wildlife S Taylor

1

95

595

Area Management

A1A

COCONUT GROVE

39.5 MSF Inventory

15.4% Overall Vacancy

$63.03 Overall Rent (FS PSF)

Davie

Beach Dania

806

SOUTH MIAMI

DELRAY BEACH

HALLANDALE

PEMBROKE PINE

441

A1A

1

NW BOCA RATON

FLORIDA’S TURNPIKE

95

Hol lywood

Pines Pembroke MIRAMAR 826

FEDERAL HIGHWAY CORRIDORE DOWNTOWN BOCA RATON

KENDALL / SOUTH DADE

GLADES ROAD SW BOCA RATON

1

Beach Hallandale

Miramar

Estates Ives

Aventura Ojus

Club Country

Norland

Beach Sunny Isles

Beach Miami North

Scott Lake

Broward 16.1% Overall Vacancy

26.4 MSF Inventory

$41.50 Overall Rent (FS PSF)

Rental & Vacancy Rates Rental & Vacancy Rates

Supply & Demand SUPPLY & DEMAND

1,500,000

- 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000

13.0% 13.5% 14.0% 14.5% 15.0% 15.5% 16.0%

$- $10.00 $20.00 $30.00 $40.00 $50.00 $60.00

1,000,000

500,000

Palm Beach

-

23.6 MSF Inventory

13.6% Overall Vacancy

$50.96 Overall Rent (FS PSF)

(500,000)

(1,000,000)

2020

2021

2022

2023

2024 2025 YTD

2020

2021

2022

2023

2024 2025 YTD Q1 2025

Leasing Activity

Construction Completion

Overall Absoprtion

Overall Rental Rate

Overall Vacancy

Cushman & Wakefield | Why South Florida

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