Broward County currently has 143 million square feet of industrial inventory, with 1.4 million square feet currently under construction and slated for completion in 2025.

Despite the 12-month net absorption dipping to -960,000 SF—below the five-year average of +1.4 million SF—strong Tenant demand has driven industrial rents to record levels. Asking rents now exceed $21.00/SF, ranking among the highest in Florida and reflecting a 57% increase since 2019, far outpacing the national average gain of 36%. While rent growth has slowed from its 2022 peak of 18% to 2.7% as of Q1 2025, Broward County remains a leader in industrial rent performance. With little to no developable land available, South Florida’s status as one of the most land-constrained markets continues to fuel demand. This scarcity, coupled with projected vacancies of around 4%, well below the U.S. average, is expected to support annual rent gains of over 5%, outpacing national trends through 2027.