We did not find a major new Broward industrial transaction this week comparable to Miami’s Walmart lease or the Doral portfolio trade — and that absence is itself useful context. It means the fundamentals, not a single deal, are the story in Broward right now.
CBRE reports Broward vacancy at 6.2%, but availability at 9.9%, with asking rents at $17.58/SF. That availability figure is now 240 basis points higher than a year earlier — a meaningful widening of the gap between what’s technically occupied and what’s actually being marketed.
Colliers calculates vacancy differently, at 7.3%, but the more important number in that dataset is that Q2 leasing reached 1.6 million SF and absorption finally turned positive after a prolonged contraction. Both datasets are describing the same underlying shift: demand is genuinely improving, but there is still real slack in the market.
The takeaway hasn’t changed from what we’ve said in previous briefs: quoted asking rents in the high-$17s are stronger than actual landlord negotiating leverage right now. Nearly 10% availability means tenants — particularly those shopping larger blocks — have real choices. Small-bay Broward is a different story and remains much tighter, echoing the small-bay/big-box divide we’re seeing play out in Miami-Dade as well.
For landlord representation, we would be pushing owners with 2027 lease rollover to start renewal conversations early rather than assuming a replacement tenant will simply step in at a higher rate — the 9.9% availability figure says that assumption is riskier today than it was two years ago. For tenants evaluating larger blocks, this remains a window where negotiating hard on effective rent, not just face rent, is likely to work.
Market commentary based on CBRE and Colliers reporting; not investment advice. Figures per market data for the week of August 31, 2026.
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