// INDUSTRIAL MARKET OVERVIEW
// BROWARD HISTORICAL CONSTRUCTION, DELIVERIES VS. ABSORPTION
Positive
market conditions
have led to a 140 basis point
drop in vacancy year-over-year as
it continues to decline from the peak
in 2007. Absorption gains surpassed
2013 levels by nearly 525,000 square
feet, or 3.1 percent of total stock in
Broward County. Combined, nearly
740,000 square feet of industrial
space was absorbed in
2014.
// BROWARD HISTORICAL RENTS
Last
year had the
largest increases in
rent prices in four years,
and given current and
anticipated demand,
the trend should
continue.
// 30