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Shifting Sands: South Florida Commercial Leasing Stats Palm Beach & Broward Counties Office & Industrial Market Snapshot PALM BEACH COUNTY CLASS A & B OFFICE 1,300,000 sf Under Construction: +104% (92,000 sf) 12-month Net Absorption: -153% 11.3% Vacancy Rate: +0.3% PALM BEACH COUNTY CLASS A & B INDUSTRIAL 819,000 sf Under Construction: -32% (22,000 sf) 12-month Net Absorption: -22k% 4.1% Vacancy Rate: +0.4% BROWARD COUNTY CLASS A & B OFFICE 1.8 million sf Under Construction: 0% (154,000 sf) 12-month Net Absorption: -26% 10.3% Vacancy Rate: +0.4% BROWARD COUNTY CLASS A & B INDUSTRIAL 2.3 million sf Under Construction: -15% 403,000 sf 12-month Net Absorption: -41% 8.8% Vacancy Rate: +1.5%
Shifting Sands: South Florida Commercial Leasing Stats
Palm Beach & Broward Counties Office & Industrial Market Snapshot
PALM BEACH COUNTY CLASS A & B OFFICE 1,300,000 sf Under Construction: +104% (92,000 sf) 12-month Net Absorption: -153% 11.3% Vacancy Rate: +0.3% PALM BEACH COUNTY CLASS A & B INDUSTRIAL 819,000 sf Under Construction: -32% (22,000 sf) 12-month Net Absorption: -22k% 4.1% Vacancy Rate: +0.4% BROWARD COUNTY CLASS A & B OFFICE 1.8 million sf Under Construction: 0% (154,000 sf) 12-month Net Absorption: -26% 10.3% Vacancy Rate: +0.4% BROWARD COUNTY CLASS A & B INDUSTRIAL 2.3 million sf Under Construction: -15% 403,000 sf 12-month Net Absorption: -41% 8.8% Vacancy Rate: +1.5%