Industrial Properties in Broward County
The county is the second most populous in the state which accounts to about 1.9 million residents. There are 31 municipalities that make up the county’s land area. Notable industrial submarkets in the area are in Fort Lauderdale surrounding Ft. Lauderdale-Hollywood International Airport and Port Everglades, Pompano Beach, Sunrise, Coral Springs, and Miramar.
The major submarkets in Broward can be categorized as follows. Southeast Broward, which includes Ft. Lauderdale and Hollywood, with 31,800,000 SF of inventory. Pompano Beach is the second largest submarket with 32,600,000 SF of industrial product. Southwest Broward, which includes Weston, Davie, Miramar, and Pembroke Pines clocks in at 19,600,000 SF. Central Broward, which includes Oakland Park, has 20,900,000 SF of inventory. Northeast Broward, which includes Deerfield Beach, has 13,900,000 SF of industrial. Rouding out Broward County are the submarkets of West Sunrise and Cora Springs with 10,200,000 SF and 7,700,000 SF, respectively. For a more detailed breakdown of the industrial market in Broward County, please get in touch with us.
Overall, the Broward County industrial market is about half the size of the Miami Industrial Market. However, lease rates and operating expenses tend to be slightly higher in Broward. Institutional owners dominate the Broward Market. There are many big box regional distribution centers for large users in Broward County. For more information on updated real estate market reports, specific neighborhood details, or available listings, please contact our office today.
Market Overview
Miami Industrial Real Estate Statistics
Total Square Feet Inventory
250,000,000 SF
Average Sale Price
$157 psf
Under Construction
4,000,000 SF
Market Rent
$12.61 psf
Vacancy Rate
6.1%
Broward County Industrial Statistics
Total Square Feet Inventory
137,000,000 SF
Average Sale Price
$159 psf
Under Construction
2,900,000 SF
Market Rent
$13.17 psf
Vacancy Rate
7.4%
Submarket Pros
Broward County provides competitively priced real estate submarkets part of the Greater Miami Metropolitan Area. The region also has a significant suburban market with over 22,928,502 sqft in inventory. Properties in the region offer a diverse collection of retail, industrial, commercial, office, business, logistics, and specialty buildings that serve the many companies in the area.
Submarket Cons
Similar to Miami-Dade County, the highly urbanized communities of the east coast have a significantly higher price tag when it comes to real estate compared to other cities in the state. This is offset by the large population and a higher number of business opportunities in the region. One major consideration in the area though is that rents and operating expenses of most Class-A properties are higher than Miami-Dade County.
Is it for me?
Who is this neighborhood for
Companies looking to invest or rent commercial real estate in Broward County will find many real estate options throughout the county. There are a lot of big box distribution centers throughout Broward County servicing the many families and businesses in the county. There is plenty of inventory throughout the major metropolitan areas, especially in the cities of Hollywood and Fort Lauderdale that are incorporated in the Greater Miami Metropolitan Area. The Fort Lauderdale–Hollywood International Airport area provides an alternative to companies looking for a close to airport property similar to what the MIA provides. Port Everglades also offers a competitive second option to the Miami Port, offering ship bound freight and cruise line options for businesses that require port-based facilities. More notable, though, the area’s inventory serves the growing demand from the city of Fort Lauderdale, which is set to grow by 6.7% in terms of population and over 37.9% in new employment opportunities in the next ten years.
County Information
List of Municipalities
Find Your Warehouse
Latest Warehouses For Sale in Broward County
$23,900,000
2490 32nd St SW
$5,995,000
220 31st St SW
$5,250,000
1600 3rd Ave SW
$4,650,000
2001 State Road 84 W 402-3
$4,050,000
721 7th Ter NW
$4,000,000
4630 44th Ave SW
Latest Warehouses For Lease in Broward County
$30,000/mo
11929 Sample Rd W B
$18,500/mo
2035 Scott St 1
$12,500/mo
5731 23rd St SW
$11,000/mo
2011 Johnson St
$9,000/mo
10408 State Road 84 W 103
$8,900/mo
12341-12343 35th St NW
Take the next step
Ready to take the next step?
Whether it’s investing in a new existing property, selling your existing property for top dollar, looking for land for new construction, researching available properties, or leasing a facility, our team is ready to help to take your business to the next level. Please feel free to reach out to our team for any commercial or industrial real estate questions today!
Meet the Locals
Who Lives in Broward County, Florida
Population
1,984,840
Median Age
39.7
Median Household Income
$91,222.38
Cost of Living Index Score
112.3
Bachelor's Degree or Higher
31.9%
Poverty Rate
14.00%
Nearby
Top Employers
Business Parks
Business Parks in the Area
| Business Parks | Property Type |
|---|---|
| Hillsboro Technology Center | Business Park |
| Marina West Business Center | Business Park |
| Bridge Point FLL Logistics | Business Park |
| Bridge Point 595 | Business Park |
| Cypress Pointe Distribution Center | Business Park |
| Coral Springs Commerce Center | Business Park |
| Tamarac Busines Park | Business Park |
| IBB Industrial Center | Business Park |
| Pompano Business Center | Business Park |
| I-595 Business Center | Business Park |
| Rock Lake Business Center | Business Park |
| East Pompano Industrial Center | Business Park |
| Prologis I-595 Distribution Center | Business Park |
| Davie Business Center | Business Park |
Business Parks
Shopping Malls and Nearby Landmarks
| Business Parks | Type |
|---|---|
| BB&T Center | Events Center |
| Port Everglades | Port |
| Sawgrass Mills | Shopping Mall |
| Ft. Lauderdale Hollywood Airport | Airport |
| Ft Lauderdale Executive Airport | Airport |
| North Perry Airport | Airport |
