The Real Deal Miami

Broward office market improving: report

August 02, 2012 01:30PM

Broward County’s improving economy has helped its office market begin to see a drop in vacancy, according to a second-quarter MarketBeat from Cushman & Wakefield. Office vacancy in the county, which stood at 16.9 percent in the second quarter of 2011, fell to 16.7 percent in the second quarter of 2012, and Cushman forecasts the rate to continue to fall. The Tamarac/Margate submarket was the strongest in the county during the second quarter, with an overall vacancy rate of just 9.8 percent. Coral Springs led the county with a 20.6 percent overall rate. — Alexander Britell