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Cushman & Wakefield's Q1 2026 MarketBeat report on Broward County's industrial market shows overall vacancy declined 10 basis points quarter-over-quarter to 5.4%, though it remains 120 basis points higher year-over-year due to 1.2 million square feet of 2025 deliveries of which over 90% remained unoccupied. Net absorption surpassed 137,000 square feet in Q1, the highest quarterly total in two years, while average asking rents rose 5.0% year-over-year to $17.67 per square foot, with new construction completions and expected pipeline deliveries projected to create upward vacancy pressure and rate volatility throughout 2026.

Broward County's office market vacancy rose to 16.2% in Q1 2026, the highest level since 2018, driven by large tenant vacancies in suburban submarkets particularly Weston and Sunrise, while the central business district remained stronger at 14.3% vacancy and recorded over 50% of total leasing volume despite overall asking rents averaging $42.68 per square foot. Net absorption declined to negative 88,032 square feet year-to-date, new leasing activity continued to slow to 231,000 square feet in Q1 marking the third consecutive quarter of decline, though downtown Class A asking rents reached $61.95 per square foot with one building surpassing $100 per square foot for the first time in the county's history.

This is a Q1 2026 industrial sector data report published by CBRE covering Broward County, with coverage areas including Fort Lauderdale, Miami, and national markets.

Broward County's retail market ended Q1 2026 with a 4.0% overall vacancy rate (up 30 basis points year-over-year) and an average asking rent of $35.47 per square foot (up 1.6% YOY), with nearly 100,000 square feet of new space delivered and over 690,000 square feet under construction. Leasing activity declined for a third consecutive quarter to 443,000 square feet, net occupancy fell by 94,000 square feet, and mall vacancy reached a market high of 6.5%, though investment sales rebounded strongly to $227 million in Q1 volume with cap rates ranging from 5.5% to 6.5%.

Cushman & Wakefield's Q1 2026 MarketBeat report on Broward County multifamily markets documents that Q1 deliveries totaled 1,515 units with units under construction falling to approximately 6,000—the lowest since 2020—while stabilized occupancy rose 20 basis points to 93.5%, net absorption reached 856 units, and overall effective rent stood at $2,423 per unit (down 0.9% year-over-year but up 1.3% quarterly). The report notes that demand outpaced supply in 2025 for the first time in three years with Central Fort Lauderdale and Hollywood/Dania Beach accounting for 57% of Q1 market gains, though nearly 3,400 additional units scheduled to deliver by year-end are expected to pressure occupancy rates entering 2027.

Miami's office market recorded 918,000 square feet of total leased space in Q1 2026, with tech occupiers accounting for 37% of leasing activity and FIRE tenants representing 20%, while the market achieved $523.3 million in sales volume—the highest first-quarter total in over a decade—driven by major transactions including Goldman Properties and Citadel's acquisition of 545 Wyn and Mana Group's purchase of One Downtown. Miami's office utilization stood at 75.1% in February 2026 compared to February 2019, outperforming primary national markets, with overall market vacancy at 13.7% and positive net absorption of 96,265 square feet for the quarter.

Miami-Dade County's retail market in Q1 2026 showed vacancy rising 50 basis points year-over-year to 3.2%, below the national average of 4.4%, with average asking rent reaching $48.98 per square foot, up 1.1% annually. Leasing momentum improved with deal volume rising 26.9% year-over-year to over 708,000 square feet, though net occupancy losses totaled 394,000 square feet, while retail investment sales declined 15.8% to approximately $212 million, with capitalization rates averaging 5.8% unchanged from the prior year.

This is a Q1 2026 market report published by CBRE presenting data and figures on the office sector in Miami, Florida. The report appears to cover office market metrics for the Miami market as of March 2026.

Miami's multifamily market delivered 1,956 units in Q1 2026, up 53.5% year-over-year, with a construction pipeline of nearly 13,800 units concentrated in Downtown Miami at 30.7% of development activity, though stabilized occupancy declined 80 basis points to 94.2% as vacancy rose above 9.0% from cumulative supply growth of 41.1% since 2020. Effective rent totaled $2,641 per unit in Q1 2026, down 1.0% year-over-year, while net absorption of 2,195 units marked the highest quarterly figure since Q3 2021, with investment momentum carrying into early 2026 at over $73 million in transactions and a price per unit of nearly $398,000.

This is a quarterly industrial sector data report published by CBRE in March 2026 covering the Miami market. The report presents figures and metrics for the industrial real estate sector in Miami, Florida.

Miami's office market in Q1 2026 recorded a 15.1% overall vacancy rate with asking rents at $65.22 per square foot, driven by modest leasing activity of 288,000 square feet (down 54.3% year-over-year) and ongoing flight-to-quality demand favoring Class A space, while the market maintains a 490,000-square-foot construction pipeline that is only 20% preleased. Class A rents reached $71.59 per square foot (up 4.8% year-over-year) and Class B rents rose to $54.40 per square foot (up 3.9% year-over-year), with Coral Gables leading submarket rent growth at 13.9% annually to $62.17 per square foot.

Miami's industrial market in Q1 2026 experienced a 59.3% decline in construction completions to 367,000 square feet compared to the prior year, while vacancy rose to 6.5% amid net occupancy losses of 11,000 square feet and a 6.5% year-over-year decrease in weighted average asking rents to $15.75 per square foot. Leasing activity totaled approximately 1.1 million square feet, representing a 46.2% YOY decline in deal volume, with Airport West recording the highest absorption and over 3.4 million square feet of leased space expected to occupy by year-end 2026.

This is a market report published by Colliers in Q1 2026 covering the office sector in Miami-Dade County, Florida.

Miami's industrial market reached record average sale prices of $257 per square foot in Q1 2026, marking the ninth consecutive quarter of appreciation, while asking rents averaged $17.26 psf NNN despite a 1.7% quarterly decline. Vacancy rose to 7.2% as new supply was delivered and leasing cycles lengthened to 6.1 months, the longest in two years, though overall leasing activity of 3.1 million square feet remained within the market's normalized demand range with transaction volume at $208 million.

Newmark's fourth-quarter 2025 market overview of Miami-Dade County industrial real estate reports that the market realized 334,170 square feet of positive absorption with overall rental rates rising 3.3 percent year-over-year to $16.28 per square foot, while the vacancy rate increased 40 basis points to 5.2 percent due to 3.9 million square feet of annual construction deliveries outpacing demand. The document identifies major transactions including PepsiCo's 794,230-square-foot lease at Bridge Point Commerce Center and notes that the regional unemployment rate ticked up to 2.6 percent year-over-year while employment growth decelerated to 0.5 percent, below the national average of 0.8 percent.

Miami-Dade County's office market recorded negative net absorption of 99,330 square feet in fourth quarter 2025, with vacancy rising 20 basis points year-over-year to 14.8%, while average asking rents hit a record high of $61.49 per square foot, up 5.7% annually, driven by tenant flight-to-quality and new Class A deliveries. Employment growth in office-using sectors remained mixed, with financial activities expanding 1.2% year-over-year while professional and business services and information sectors contracted 1.3% and 0.9% respectively, as overall office-using employment dipped 0.5% to 332,600 jobs.

South Florida's office market posted an 8.6% vacancy rate in Q4 2025 with asking rents rising year-over-year from $37.37 to $39.81 per square foot NNN, while industrial vacancies increased to 5.7%, retail remained stable at 3.3% vacancy, and multifamily vacancies edged up to 6.7%. Lee & Associates attributed office resilience to wealth management firm activity and upcoming hedge fund investment events, while noting industrial market recalibration with negative net absorption and retail strength driven by grocery-anchored assets and Publix expansion.

South Florida's industrial market experienced vacancy rate increases from 6.6% to 7.7% year-over-year in Q3 2025, while average asking rents rose modestly from $17.09 to $17.35 per square foot NNN. The retail sector remained resilient with a 3.4% vacancy rate and asking rents of $36.36 per square foot, office vacancies held steady at 8.3% with rents climbing to $39.19 per square foot, and multifamily maintained a 6.5% vacancy rate with asking rents increasing to $2,264 per month.

This is a quarterly market report published by Colliers in March 2026 covering the multifamily sector in South Florida. The report covers geographic areas including Miami and Florida as well as national context.

This is a third-quarter 2025 market report published by Berkadia covering the multifamily sector in South Florida, with geographic focus on Miami and Florida markets.
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Redfin reported there are 46.9 percent more home sellers than buyers in the U.S. housing market, signaling buyers hold the power. In May 2026, 35 of the 50 most populous U.S. metros were buyer's markets, led by Sun Belt locations.

RealPage identifies 11 of the 50 largest apartment markets expecting effective asking rent gains of 3 percent or more in 2026, led by Miami at 3.8 percent, Seattle at 3.7 percent and Los Angeles at 3.2 percent.

The Q1 2025 pulse survey identifies Dallas as the most preferred US market for 2025, followed by New York, Miami, Boston and Atlanta, reflecting international investor allocation intentions.