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Boca Raton News

ARTICLE

Date ArticleType
1/24/2020 General
Shifting Sands: South Florida Commercial Leasing Stats

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%