Constructed in 1987, 800 Fairway Drive is a four-story office building in Deerfield Beach's Hillsboro Executive Center. The office property offers a multi-tenant design centered around a four-story atrium lobby. The building offers both surface and covered parking, an on-site café, a fitness trail, and a new fitness center with lockers and showers. Fairlead plans to make further interior and exterior renovations in the near future.

The office property's location at 800 Fairway Drive is a convenient commute for much of South Florida's employment base. The building's position on Interstate 95 provides visibility and immediate access via Hillsboro Boulevard and is less than two miles west of US Highway 1.

“Broward County's office market approached an eight-year vacancy rate low of 11.7%,” wrote senior research analyst Valerie Tatum in the firm's fourth quarter 2015 Broward County Office MarketBeat Snapshot. “New supply remained unchanged, and strong positive absorption signaled the fourth consecutive year of healthy demand.”

Tatum adds that leasing activity totaled 1.4 million square feet year-to-date, as many tenants expanded their space or moved into the market. Class A office space saw a significant decrease in vacancy to 8.2% from 12.6% over the last 12 months.

“The office market in Broward County is in position to have above average performance in 2016 on tightening market conditions and positive economic trends,” Tatum wrote. “Construction will likely pick up as tenant demand strengthens and the lack of space options in the market increase.”

Earlier this month, one of CushWake's brokers was inducted to the NAIOP Hall of Fame. Click here to read more.

MIAMI—Deerfield Beach is seeing plenty of investor traction—and office demand. Fairfield Commercial Real Estate snapped up 800 Fairway Drive for $21 million in November, following a string of other sales in 2015 on the retail front. Deerfield Beach sits on the Broward-Palm Beach County line.

Fairfield is betting Cushman & Wakefield can drive up leasing at 800 Fairway Drive. CushWake was just named the exclusive leasing agent for the 172,508-square-foot, class A office building.

CushWake executive director Travis Herring, executive director Deanna Lobinsky, director Katherine Ridgway, and associate Chase Kulp are leading the leasing charge. Fairlead acquired the building in November 2015.

“800 Fairway Drive's central location in the tri-county area makes this an ideal destination for companies looking to draw on South Florida's dynamic workforce,” Herring tells GlobeSt.com. “Three-quarters of the region's population lives within a one-hour drive of the building, and some of the nation's most affluent communities are nearby.”

Constructed in 1987, 800 Fairway Drive is a four-story office building in Deerfield Beach's Hillsboro Executive Center. The office property offers a multi-tenant design centered around a four-story atrium lobby. The building offers both surface and covered parking, an on-site café, a fitness trail, and a new fitness center with lockers and showers. Fairlead plans to make further interior and exterior renovations in the near future.

The office property's location at 800 Fairway Drive is a convenient commute for much of South Florida's employment base. The building's position on Interstate 95 provides visibility and immediate access via Hillsboro Boulevard and is less than two miles west of US Highway 1.

“Broward County's office market approached an eight-year vacancy rate low of 11.7%,” wrote senior research analyst Valerie Tatum in the firm's fourth quarter 2015 Broward County Office MarketBeat Snapshot. “New supply remained unchanged, and strong positive absorption signaled the fourth consecutive year of healthy demand.”

Tatum adds that leasing activity totaled 1.4 million square feet year-to-date, as many tenants expanded their space or moved into the market. Class A office space saw a significant decrease in vacancy to 8.2% from 12.6% over the last 12 months.

“The office market in Broward County is in position to have above average performance in 2016 on tightening market conditions and positive economic trends,” Tatum wrote. “Construction will likely pick up as tenant demand strengthens and the lack of space options in the market increase.”

Earlier this month, one of CushWake's brokers was inducted to the NAIOP Hall of Fame. Click here to read more.