The county has a 9% overall vacancy level with 1.35 million sf of new space completed and one million sf under construction.
"It would be naïve to say there isn't a level of cautiousness on the part of buyers and tenants," Richard Etner, senior director of industrial brokerage at Cushman & Wakefield, tells GlobeSt.com. "But the attractiveness of being in between Palm Beach and Dade county, together with the population here is what keeps the strong demand going."
In North Broward, the Coral Springs/Tamarac/Margate has a 1.3% vacancy at $8.06 per sf for manufacturing space; $6.70 per sf for warehouse/distribution; and $6.33 per sf for office/showroom.
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