Why South Florida

INDUSTRIAL MARKET SNAPSHOT - Q1 2025

MIAMI

BROWARD

PALM BEACH

Refuge Wildlife National

315.3 MSF South Florida

Beach Delray

Kings Point

JUPITER / TEQUESTA

441

95

441

A1A

NORTH CENTRAL DADE

NORTHWEST DADE

A1A

826

Area Management Wildlife Holey Land

FLORIDA’S TURNPIKE

NORTHEAST DADE

RIVIERA BEACH

FLORIDA’S TURNPIKE

75

95

1

255.7 MSF Warehouse/Distribution 25.6 MSF Office Services/Flex

34.0 MSF Manufacturing

Boca Raton

Deem City

95

27

HIALEAH

1

Parkland

A1A

AIRPORT NORTH MEDLY

1

869

AIRPORT EAST DADE

FLORIDA’S TURNPIKE

Creek Coconut NORTH BROWARD

Point Lighthouse

Springs Coral

826

704

811

WEST PALM BEACH

112

441

98

I95

A1A

Margate

Beach Pompano

AIRPORT WEST

882

869

95

811A

Lauderdale North

Tamarac

836

812

441

A1A

41

LAKE WORTH

95

Park Oakland

FLORIDA’S TURNPIKE

27

Sunrise

1

1

BROWARD

Lauderhill

1

CENTRAL BROWARD

FLORIDA’S TURNPIKE

826

SUBMARKET SPOTLIGHT

BOYTON BEACH

75

Lauderdale Fort

595

95

SOUTH DADE

and Francis Everglades

Weston

A1A

DELRAY BEACH

Wildlife S Taylor

FLORIDA’S TURNPIKE

806

595

Area Management

Davie

Beach Dania

SOUTHWEST BROWARD

441

Miami-Dade

1

SOUTHEAST BROWARD

BOCA RATON

A1A

95

179.3 MSF Inventory

6.1% Overall Vacancy

$16.91 Overall Rent (NNN PSF)

Hol lywood

Pines Pembroke

826

1

Beach Hallandale

Miramar

Estates Ives

Aventura Ojus

Club Country

Norland

Beach Sunny Isles

Beach Miami North

Scott Lake

Rental & Vacancy Rates

Supply & Demand SUPPLY & DEMAND

Broward 3.9% Overall Vacancy

Rental & Vacancy Rates

92.8 MSF Inventory

$16.63 Overall Rent (NNN PSF)

- 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 20,000,000

$10.00 $12.00 $14.00 $16.00 $18.00

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0%

$0.00 $2.00 $4.00 $6.00 $8.00

Palm Beach

43.1 MSF Inventory

6.6% Overall Vacancy

$13.30 Overall Rent (NNN PSF)

2020

2021

2022

2023

2024 2025 YTD Q1 2025

2020

2021

2022

2023

2024

2025 YTD

Overall Rental Rate

Overall Vacancy

Leasing Activity

Construction Completion

Overall Absoprtion

Cushman & Wakefield | Why South Florida

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