SFL Pulse360 | Page 46
Industrial Statistics
//Broward
BROWARD
INDUSTRIAL Q4 2014
| Q4 2014
YTD
completions
(sf)
YTD
direct net
Direct net
Inventory (sf) absorption (sf) absorption (sf)
Total net
absorption
(sf)
YTD total net
absorption
(sf)
YTD total net
absorption
(% of stock)
Direct
vacancy (sf)
Under
Direct Total vacancy Total vacancy Average asking construction /
vacancy (%)
(sf)
(%) rent ($ psf) NNN renovation (sf)
Market Totals
Warehouse & Distribution
552,794
58,884,744
563,080
1,649,899
563,080
1,658,063
2.8%
4,560,152
7.7%
4,673,837
7.9%
$6.37
0
8,370,617
78,071
115,898
176,544
393,195
4.7%
1,013,732
12.1%
1,015,332
12.1%
$6.73
0
552,794
67,255,361
641,151
1,765,797
739,624
2,051,258
3.1%
5,573,884
8.3%
5,689,169
8.5%
$6.42
245,000
Manufacturing
Totals
245,000
*All classes, 30,000 s.f. and higher
// BROWARD
INDUSTRIAL
Broward
Submarkets
Broward County Industrial Statistics - Q4 2014 . 2
SUBMARKETS
YTD
completions
(sf)
YTD
direct net
Direct net
Inventory (sf) absorption (sf) absorption (sf)
Total net
absorption
(sf)
YTD total net
absorption
(sf)
YTD total net
absorption
(% of stock)
Direct
vacancy (sf)
Under
Direct Total vacancy Total vacancy Average asking construction /
vacancy (%)
(sf)
(%) rent ($ psf) NNN renovation (sf)
Central Broward
Warehouse & Distribution
0
6,356,219
-18,186
52,640
-18,186
52,640
0.8%
362,830
5.7%
362,830
5.7%
$5.71
0
Manufacturing
0
1,027,598
-26,000
-100,114
-26,000
-101,714
-9.9%
161,759
15.7%
163,359
15.9%
$6.49
0
Totals
0
7,383,817
-44,186
-47,474
-44,186
-49,074
-0.7%
524,589
7.1%
526,189
7.1%
$5.82
0
97,615
21,815,799
88,823
569,815
88,823
578,057
2.7%
1,800,596
8.3%
1,815,738
8.3%
$6.56
128,000
Northeast Broward
Warehouse & Distribution
Manufacturing
0
2,885,934
79,236
50,976
79,236
50,976
1.8%
355,872
12.3%
355,872
12.3%
$7.00
0
97,615
24,701,733
168,059
620,791
168,059
629,033
2.6%
2,156,468
8.7%
2,171,610
8.8%
$6.61
128,000
Warehouse & Distribution
33,000
11,530,407
98,473
291,897
98,473
278,897
2.4%
711,180
6.2%
724,180
6.3%
$6.22
0
Manufacturing
33,000
13,079,412
107,686
336,325
107,686
323,325
2.5%
788,521
6.0%
801,521
6.1%
$6.28
0
Totals
66,000
24,609,819
206,159
628,222
2.5%
1,499,701
6.1%
1,525,701
6.2%
$6.25
0
Totals
Southeast Broward
206,159
602,222Analyst
Valerie
Mnayarji Research
1221 Brickell Avenue, Suite 200, Miami FL 33131 [email protected]
Southwest Broward
Warehouse & Distribution
Manufacturing
Totals
384,710
10,347,063
293,453
442,400
293,453
453,800
4.6%
1,128,198
10.9%
1,173,456
0
995,788
-38,147
23,342
-38,147
23,342
2.3%
75,615
7.6%
75,615
384,710
11,342,851
255,306
465,742
255,306
477,142
4.4%
1,203,813
10.6%
1,249,071
37,469
8,835,256
100,517
293,147
100,517
294,669
3.3%
557,348
6.3%
0
1,912,292
53,769
97,266
53,769
97,266
5.1%
343,145
17.9%
37,469
10,747,548
154,286
390,413
154,286
391,935
3.7%
900,493
552,794
58,884,744
563,080
1,649,899
563,080
1,658,063
2.8%
0
8,370,617
78,071
115,898
176,544
393,195
4.7%
552,794
67,255,361
641,151
1,765,797
739,624
2,051,258
3.1%
11.3%
$7.00
117,000
© 2015 Jones Lang LaSalle
IP, Inc. All rights
reserved.
7.6%
$7.25
0
11.0%
$7.02
117,000
597,633
6.8%
$6.38
0
343,145
17.9%
$6.64
0
8.4%
940,778
8.8%
$6.43
0
4,560,152
7.7%
4,673,837
7.9%
$6.37
245,000
1,013,732
12.1%
1,015,332
12.1%
$6.73
0
5,573,884
8.3%
5,689,169
8.5%
$6.42
245,000
West Broward
Warehouse & Distribution
Manufacturing
Totals
Market Totals
Warehouse & Distribution
Manufacturing
Totals
*All classes, 30,000 s.f. and higher
Valerie Mnayarji Research Analyst
// 46
©2015 Jones Lang LaSalle IP, Inc. All rights reserved.
1221 Brickell Avenue, Suite 200, Miami FL 33131 [email protected]
© 2015 Jones Lang LaSalle IP, Inc. All rights reserved.