Broward Office Market
Annual full-service asking rental rates increased by 0.7% quarter over quarter to a new all-time-high of $38.83/SF. Vacancy dipped by 10 basis points quarter over quarter to 14.7% as demand strengthened and supply remained stagnant. There is one 174,790-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 fourth quarter was 672,332 SF, reflecting a 13.9% decrease from the previous quarter. The average lease size fell by 142 SF to 2,915 SF during the same time-period.
Download Broward Office Market Report 4Q25Broward Industrial Market
The market recorded 27,714 SF of negative absorption in the third quarter of 2025, spurred by multiple mid-sized move-outs. However, demand year-to-date remains positive at 109,266 SF. Deliveries totaled 158,855 SF in the third quarter of 2025. Despite supply outpacing demand, the vacancy rate remained unchanged at 4.7% quarter over quarter. Overall asking rental rates in the third quarter of 2025 fell by 3.9% year over year to $14.90/SF, down 8.2% from the all-time high of $16.23/SF. In the third quarter of 2025, the under-construction pipeline expanded to 1.4 MSF. Projects under construction are currently 22.0% preleased.
Download Broward Industrial Market Report 3Q25