Broward Office Market
Annual full-service asking rental rates increased by 3.3% quarter over quarter to a new all-time-high of $40.27/SF, for the fifth consecutive quarter. Vacancy increased by 50 basis points quarter over quarter to 15.1% as demand weakened this quarter. There is one 176,000-SF project currently under construction, the office portion of T3 FAT Village East developed by Hines, which is expected to deliver in 2026. Total leasing activity for the first quarter was 608,329 SF, reflecting a 19.5% decrease from the previous quarter. The average lease size increased by 46 SF to 2,997 SF during the same time-period.
Download Broward Office Market Report 1Q26Broward Industrial Market
The market saw 19,673 SF of positive absorption in the fourth quarter of 2025. On an annual basis, demand was also positive at 51,297 SF, compared to the negative 260,541 SF reported in 2024. Deliveries totaled 901,885 SF in the fourth quarter of 2025. Due to this influx of supply outpacing demand, the vacancy rate rose 70 basis points quarter over quarter to 5.4%. Overall asking rental rates in the fourth quarter of 2025 increased by 1.9% quarter over quarter to $15.53/SF, but is down 4.3% from the all-time high of $16.23/SF. In the fourth quarter of 2025, the under-construction pipeline fell 80.7% quarter over quarter to 269,320 MSF. Sublease activity has increased 9.1% quarter over quarter and 12.9% year over year.
Download Broward Industrial Market Report 4Q25