Broward Industrial Market Records 10th Consecutive Quarter of Positive Absorption

10/27/16

Net absorption for Q3 2016 was 297,000 sq. ft.

Vacancy rate stays below 7% for 8th consecutive quarter closing at 5.4%.

The average asking rate for Broward County in Q3 2016 was $8.54 per sq. ft.

Year-to-date capital flows have been dominated by institutional (40%) and private (31%) buyers.