David Duckworth

Investment sales activity in Broward County’s office market continued to gain momentum in first quarter 2019 with $338.5 million in total sales and outperformed both Miami-Dade and Palm Beach Counties during the trailing 12 months ending March 2019. The majority of the sales over the past year in Broward have taken place in suburban submarkets, such as Sawgrass Park, Cypress Creek, and Plantation, as they present a higher return on investment versus the Central Business District.

Plantation has seen a significant resurgence and demand for both office and industrial space due in part to its central location and access to major thoroughfares. According to research by Avison Young, Plantation’s office vacancy rate is 7.37%, and West Broward’s industrial vacancy rate is 2.07%. Both are within the three lowest submarket vacancies for the respective property sectors in Broward County as of first quarter 2019.

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