The Real Deal Miami

Broward office vacancy falls to 19.2 percent

Total office vacancy in Broward County has dropped to 19.2 percent as of the fourth quarter of 2012, according to a new MarketView report from CBRE. Overall vacancy dropped by 70 basis points from the fourth quarter of 2011. “The Broward County office market is healthier than a year ago but has remained relatively stifled since mid-year,” the firm said in the report. “With uncertainty on future tax policies, businesses have taken a wait and see approach before making any moves in the market.” —Alexander Britell