X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.