Avison Young recently negotiated 133,140 square feet ofindustrial lease transactions in Broward County, Florida. Thatcontinues a trend from 2019. Avison Young's year-end 2019 BrowardCounty industrial report indicated that West Broward posted thelowest vacancy rate in the county at 2.1%. Nearly 2.7 millionsquare feet of new industrial space was completed in the county, ofwhich 1.1 million square feet alone was delivered in Pompano Beach.The submarket still saw 456,773 square feet of net absorption,indicating robust demand.

"We are seeing the same trends that have been affecting themarket the last couple of years," Avison Young Principal TomViscount tells GlobeSt.com. "The logistics industry and e-commerceare the main contributors. We are seeing a little lessmanufacturing than before, but it's really of no concern becauselogistics and e-commerce continue to fuel the growth. 2019 was agreat year for industrial all-around."