Colliers International Broward County Retail Market Report | Fourth Quarter 2020
Retail Supply/Demand Expected to Rebalance as Vaccines Rollout and NE Migration Heads to Broward County in 2021
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.

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  • Regional Market Transactions & Highlights
  • Miami-Dade, Broward, and Palm Beach counties
  • Vacancy & Absorption Rates
  • Notable Leasing Activity
  • User & Investment Sales
  • Submarket & County Breakdowns
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