Figures
Broward Office Figures - Q1 2023
April 6, 2023 5 Minute Read
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- Total office vacancy has decreased to 19.0% compared to 20.7% in Q1 2022, while direct vacancy is down to 17.2%.
- Available sublease space has increased by 50,000 square feet from the previous quarter.
- Asking rents in the county are up by 6.4% compared with pre-pandemic levels.
- Investment activity remains limited with only 59,756 square feet under construction in 2023 and limited quality building trades.