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 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