| Colliers International Broward County Retail Market Report | Fourth Quarter 2020 |
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Retail Supply/Demand Expected to Rebalance as Vaccines
Rollout and NE Migration Heads to Broward County in 2021 |
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| In the fourth quarter of 2020, retail market fundamentals in Broward County weakened
slightly as retailers continued to vacate space. Following the same pattern as the
previous two quarters, net absorption remained negative and vacancy increased
50-basis points; additionally, rental rates decreased 1.2 percent. While these metrics
don’t translate positively for the fourth quarter of 2020, they do prepare the market
for the incoming population growth which will bring with it new retailers. Recently
vacated space in Broward County is likely to fill quickly in 2021, with the average rental
rates, currently $21.92 per square foot, being more affordable than Palm Beach and
Miami-Dade. |
Download your complimentary copy and learn more about:
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Regional Market Transactions & Highlights
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Miami-Dade, Broward, and Palm Beach counties
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Vacancy & Absorption Rates
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Notable Leasing Activity
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User & Investment Sales
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Submarket & County Breakdowns
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| Copyright 2021 Colliers International.
Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. |
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