Broward Industrial Figures - Q1 2026

Broward’s industrial market has found a floor. Vacancy held flat at 5.5% in Q1 2026, the first quarter without an increase since early 2024, and net absorption turned positive at 101,000 sq. ft. Leasing volume climbed to 1.2 million sq. ft., a 24% jump from Q4. Occupier activity has re-engaged after a period of supply digestion, even as availability drifts higher at 9.1%.

The broader trajectory supports a stabilization thesis. The market absorbed nearly 2.9 million sq. ft. of deliveries over three years while vacancy normalized from a cyclical low of 2.9% to 5.5%. Asking rents never retreated, at $17.50 per sq. ft. NNN, they’re up 30% since Q1 2023. Landlords have held face rates and are using concessions as the primary lever to drive velocity.

Capital is flowing back in. Kurv Industrial’s $220 million acquisition of East Pompano Industrial Center and Blackstone’s $164 million Pompano trade, both closing in early 2026, are the largest industrial investment sales in South Florida this year. With pipeline discipline holding and occupier activity firming, Broward is well-positioned for tightening through the second half of the year.