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United States | Fort Lauderdale, FL

Report | Broward Industrial Statistics - Q2 2011

Summary

Broward’s leasing activity picked up steam after reporting negative absorption in the previous quarter. Key points to note for this market:
• The year to date total net absorption is -199,235 square feet but the County saw close to 162,000 square feet of space being absorbed in the warehouse and distribution market.
• Rental rates for the County closed at $6.29 (NNN) per square foot with the rent of the warehouse and distribution spaces being $6.34 and the rent for manufacturing spaces being $5.84.

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