SFL Pulse360 | Page 40
Office
Statistics
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BROWARD
OFFICE Q4 2014
Fort Lauderdale | Q4 2014
YTD
completion (sf)
Inventory (sf)
Direct net
absorption (sf)
YTD
direct net
absorption (sf)
Total net
absorption
(sf)
YTD total net
absorption
(sf)
YTD total net
absorption
(% of stock)
Direct
vacancy (sf)
Direct
vacancy (%)
Total vacancy
(sf)
Total vacancy
(%)
Under
Average asking construction /
rent ($ psf) renovation (sf)
CBD
Class A
0
3,844,622
-4,716
172,867
3,366
205,028
5.3%
556,457
14.5%
561,731
14.6%
$34.16
0
Class B
0
924,749
1,043
35,534
1,043
35,534
3.8%
114,108
12.3%
114,108
12.3%
$26.32
0
Totals
0
4,769,371
-3,673
208,401
4,409
240,562
5.0%
670,565
14.1%
675,839
14.2%
$33.05
0
40,000
Suburban
Class A
0
9,801,118
45,372
276,994
49,519
309,987
3.2%
1,272,457
13.0%
1,355,040
13.8%
$28.29
Class B
0
7,700,814
-27,087
-73,386
-27,776
-41,693
-0.5%
1,390,631
18.1%
1,446,698
18.8%
$22.90
0
Totals
0
17,501,932
18,285
203,608
21,743
268,294
1.5%
2,663,088
15.2%
2,801,738
16.0%
$25.52
40,000
Class A
0
13,645,740
40,656
449,861
52,885
515,015
3.8%
1,828,914
13.4%
1,916,771
14.0%
$30.02
40,000
Class B
0
8,625,563
-26,044
-37,852
-26,733
-6,159
-0.1%
1,504,739
17.4%
1,560,806
18.1%
$23.11
0
Totals
0
22,271,303
14,612
412,009
26,152
508,856
2.3%
3,333,653
15.0%
3,477,577
15.6%
$26.97
40,000
Market Totals
Fort Lauderdale Office Statistics - Q4 2014 • 2
CBD
// BROWARD CBD
YTD
completion (sf)
Inventory (sf)
Direct net
absorption (sf)
YTD
direct net
absorption (sf)
Total net
absorption
(sf)
YTD total net
absorption
(sf)
YTD total net
absorption
(% of stock)
Direct
vacancy (sf)
Direct
vacancy (%)
Total vacancy
(sf)
Total vacancy
(%)
Under
Average asking construction /
rent ($ psf) renovation (sf)
Downtown
Class A
0
3,844,622
-4,716
172,867
3,366
205,028
5.3%
556,457
14.5%
561,731
14.6%
$34.16
0
Class B
0
924,749
1,043
35,534
1,043
35,534
3.8%
114,108
12.3%
114,108
12.3%
$26.32
0
Totals
0
4,769,371
-3,673
208,401
4,409
240,562
5.0%
670,565
14.1%
675,839
14.2%
$33.05
0
Marc L. Miller Research Manager, Florida
200 East Broward Boulevard Suite 1030 Fort Lauderdale, FL 33301 tel +1 954 233 3427 fax +1 954 760 4845 [email protected]
© 2014 Jones Lang LaSalle IP, Inc. All rights reserved.
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