Broward County’s industrial real estate market continues to demonstrate robust activity, marked by significant acquisitions, portfolio sales, and sustained demand. Recent transactions highlight the region’s appeal to investors seeking well-located logistics and small-bay industrial assets, driven by strong leasing fundamentals and consistent rent growth.
Key Takeaways
- The industrial market in Broward County is experiencing high demand with low vacancy rates.
- Recent transactions involve both large logistics centers and smaller industrial portfolios.
- Investors are attracted to the region’s strategic location for last-mile delivery and its growing business environment.
Major Transactions Fuel Market Momentum
Recent months have seen substantial investment in Broward County’s industrial properties. Granite REIT acquired the fully leased Coral Springs Logistics Center, a 124,500-square-foot Class A industrial property. This acquisition underscores the desirability of well-positioned, modern industrial assets in the area. The property’s strategic location near major expressways facilitates efficient last-mile logistics across South Florida.
In another significant deal, Longpoint Ventures divested a portfolio of three Broward County warehouse properties totaling 124,227 square feet for nearly $70 million. These sales, which included assets in Davie and Sunrise, reflect the ongoing churn and value realization within the market.
Small-Bay Industrial Sees Increased Investor Interest
Loci Capital and Hersh Equity Group have acquired a 230,000-square-foot small-bay industrial portfolio in West Park. This six-building complex, featuring suites averaging 1,000–2,000 square feet, caters to the growing demand from small, service-oriented businesses. The partners plan to enhance the properties and bring rents to market rates, capitalizing on the low vacancy and high demand for this type of industrial space in Broward County.
Market Fundamentals Remain Strong
Overall, Broward County’s industrial market is characterized by resilience and strong performance. Reports indicate that vacancy rates remain among the lowest in Florida, with rent growth consistently outpacing other regional markets. This positive trend is attributed to robust population and business growth in South Florida, creating sustained demand for industrial and logistics facilities. The market’s strategic location, coupled with its dynamic economic environment, continues to attract significant investor capital and tenant interest.
Sources
- Granite REIT acquires fully leased logistics center in Coral Springs, JLL.
- Longpoint Spins Off Broward Co. Industrial Portfolio for Nearly $70M, Connect CRE.
- Loci Capital and Hersh Equity Group Acquire 230,000 SF Small-Bay Industrial Portfolio in Broward County, Business Wire.
- Broward Industrial Shows Resilience in Q2 2025, Colliers.