The reason for the price reduction, according to Harry Tangalakis of CB Richard Ellis, is concern about the current absorption levels in Broward County for buildings of 100,000 sf or more, a market which now totals 2,314,783 sf. Tangalakis said that although the county's market base of 20,000-sf to 35,000-sf buildings remains strong, the landlord market of the last five years for larger buildings is softening.
The 103,000-sf Chromas building is a modern manufacturing facility offering fully air conditioned office and warehouse/manufacturing space, heavy electric power, 20 clear heights in the warehouse and dock height loading.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
