Broward County’s industrial asking remained stable in Q2 2020 at $8.47 PSF.
Development pipeline is robust with 2.2 million sq. ft. under construction and 3.9 million sq. ft. of planned projects.
Capital markets activity volume fell to $80 million, for an average price of $132 per sq. ft.
Vacancy increased to 7.2%, up about 3% from Q2 2019 propelled by move-outs of smaller tenants and higher rents.