Broward’s fundamentals are improving, but tenants still have substantially more choice than they did two years ago — and this week’s capital-markets activity shows exactly how differently the market is treating stabilized assets versus everything else.
On August 19, MDH Partners bought the 131,800-SF Sawgrass Distribution Center I in Sunrise for $40.1 million — roughly $304 per square foot — from Clarion Partners. The property was fully leased. This comes right behind Prologis’ $352 million Davie Business Center purchase and several other $200–$300+ PSF trades this year.
That pattern is now well-established: institutional buyers are paying premium, near-record pricing for fully stabilized Broward industrial, full stop. If your asset is leased and well-located, this remains an excellent environment to test a sale.
CBRE puts Q2 vacancy at 6.2%, down 20 bps quarter over quarter, but availability at 9.9%, up from 7.5% a year earlier. Asking rents nevertheless reached $17.58/SF, up 6.9% year over year. Construction has fallen to roughly 1.2 million SF. Colliers uses a different inventory methodology and reports approximately 7.3% vacancy and $17.60/SF NNN, but arrives at the same directional conclusion: positive absorption has returned, and the development pipeline is thinning.
The gap between rising asking rents and rising availability is the number that matters for anyone actually marketing vacant space — it means quoted rents are outrunning the leverage most landlords with real vacancy actually hold.
Broward is becoming a genuinely two-sided market. Owners of stabilized, fully-leased infill assets can point to exceptional institutional pricing and should consider testing a sale now. Landlords with actual vacancy, on the other hand, face nearly 10% availability and should not assume the headline rent growth means they can avoid concessions — TI, free rent and stepped rents are still very much in play for anything not already leased.
For tenant representation, this is exactly where we’d push hardest for free rent, stepped rents and TI while protecting renewal options — the availability number gives tenants real standing to negotiate, even as the capital markets treat the asset class itself as a premium bet.
Market commentary based on reported transaction data and CBRE/Colliers reporting; not investment advice. Figures per market data for the week of August 24, 2026.
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