Broward Industrial Figures - Q2 2026

The market in Q2 2026 shows improving demand but a softer occupancy backdrop. Net absorption turned positive at 245,000 sq. ft., following three consecutive quarters of negative net absorption. Vacancy edged down to 6.2%, a quarter-over-quarter decrease of 20 basis points from 6.4%, but remains higher year-over-year, up 160 basis points from 4.6% in Q2 2025. Availability rose quarter-over-quarter by 40 basis points to 9.9%, andis 240 basis points higher than the 7.5% recorded a year earlier. Average asking rent increased to $17.58, up 0.6% quarter-over-quarter and 6.9% year-over-year.

Over the longer term, pricing has strengthened materially, with average asking rent rising from $8.95 in Q1 2019 to $17.58 in Q2 2026. Vacancy is still well below the 7.2% peak seen in Q3 2020, buthas moved up from the 2.9% low reached in Q2 2023 as a series of negative absorption quarters in 2025 and early 2026 eased occupier pressure.

Construction activity currently totals 1.2 million sq. ft. under way, down from 1.7 million sq. ft. in Q2 2025 and far below the 3.3 million sq. ft. pipeline in Q1 2020, indicating a more measured supply response even as availability drifts higher.