Berger Commercial Realty provides an in-depth look at the current state of Broward County's industrial real estate market in 2025. With strong demand, rising rents, and new supply in the pipeline, we outline what's happening now and what to expect in the second half of the year.
What is the industrial vacancy rate in Broward County in 2025?
The industrial vacancy rate in Broward County is currently 4.1 percent as of the end of Q1 2025. This marks a slight increase from 4.0 percent in Q1 2024, primarily due to new supply hitting the market. Despite this, demand remains consistent across key submarkets.
What are the average asking rents for industrial space in Broward County?
Average asking rents have reached 15.48 per square foot, up 4.7 percent from the same time last year. Fort Lauderdale leads with asking rents of 16.22 per square foot. Coral Springs has experienced a slight decline, now averaging 14.84 per square foot.
Which cities in Broward County have the highest and lowest industrial vacancy rates?
- Pompano Beach: 2.5 percent vacancy
- Coral Springs: 4.1 percent vacancy
- Sunrise/Lauderhill: 6.2 percent vacancy (highest)
How much new industrial space is being developed in 2025?
More than 1.3 million square feet of industrial space is under construction in Broward County, most of which is concentrated in the Pompano Beach submarket. Only 8.7 percent of this space is preleased as of Q1 2025, suggesting that vacancy may temporarily rise later this year.
Is now a good time to invest in Broward industrial real estate?
The market remains attractive to investors due to its long-term growth fundamentals. Broward County recorded over 34,000 square feet in positive net absorption in Q1. Total commercial sales volume increased 32 percent year-over-year to 2.9 billion dollars, with industrial deals leading the charge in Fort Lauderdale.
What is the forecast for the Broward industrial market in the second half of 2025?
We anticipate a moderate shift toward equilibrium as new construction deliveries increase available inventory. Vacancy may rise slightly in submarkets with large developments, such as Coral Springs and Pompano Beach, particularly if leasing activity slows. However, high-demand areas like Fort Lauderdale and Southwest Broward are expected to maintain low vacancies and see continued rent growth.
Occupiers may see more options as the year progresses, particularly in Class A distribution and warehouse space. For investors, the second half of 2025 could offer opportunities to acquire stabilized assets or new deliveries with leasing upside. Supply chain resilience and last-mile logistics demand continue to drive interest in well-located industrial assets throughout Broward County.
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