The largest lease in the third quarter was a 77,105-square-foot lease by Hayes Medical Staffing at the Cypress Financial Center. The largest lease in the thirdquarter was a 77,105-square-foot lease by Hayes Medical Staffing atthe Cypress Financial Center.

FORT LAUDERDALE, FL—The lack of new supply, combined withalready tight market conditions, fueled further reductions in theoffice vacancy rate in Broward County in the third quarter.

According to a third quarter 2019 report on the office market inBroward County by commercial brokerage firm CBRE, the overallvacancy rate for the region fell 40 basis points from the secondquarter and 210 basis points from a year earlier to 9.3% at the endof the third quarter of 2019.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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