Q1 2019 Broward Office Market Report

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Broward County’s office market kick-started the year with vacancy rates hovering around 9 percent, steady increases in rental rates and new office construction on the horizon. Rental rates recorded a 14% increase year-over-year to a high of $31.28 per square foot (gross). Despite the low vacancy rates, there is a continued trend toward density and efficiency with many office redesigns taking place that provide a more modern, open workspace with larger common areas for collaboration and amenities.

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Q1 2019 Broward Office Market Report

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