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Long-Term Outlook Solid for Industrial Market

FORT LAUDERDALE, FL-Delivery of new product in the first quarter, though, pushes overall vacancy rates upward in Broward, Miami-Dade and Palm Beach counties and provides tenants with some short-term leasing opportunities. Fort Lauderdale is 26 miles north of Miami.

By David R. Corder | Updated on April 17, 2001

FORT LAUDERDALE, FL-It appears a window of opportunity opened briefly over the first quarter this year in the South Florida industrial-warehouse market as prospective tenants gained a slight edge in lease negotiations.

That edge is apparent in a new market survey Cushman & Wakefield of Florida Inc. just published for the first quarter ended March 31, which reported increases in vacancy rates in each of Broward, Miami-Dade and Palm Beach counties.

Delivery of new product accounts for much of the increase in vacancy rates over the first quarter. Market experts consider the upward movement as nothing more than a blip on a long-term trend that still favors property owners and investors.

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