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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.