EdisonCRE pins rents $16–20/SF

Broward County industrial rents are landing in the mid-to-high teens per square foot, with April 2026 market data showing $16.41 and Colliers’ first-quarter report showing $17.34 triple-net. (warehousesmarket.com) (colliers.com) ComReal’s April 2026 snapshot listed 135 Broward warehouse spaces for lease at an average $16.41 per square foot and 26 properties for sale at an average $307 per square foot. (warehousesmarket.com) Colliers said Broward logged 1.4 million square feet of leasing in the first quarter of 2026, but net absorption stayed negative at 303,000 square feet after 1.0 million square feet delivered in the quarter. (colliers.com) That construction wave pushed vacancy to 7.2%, up from the tighter conditions that defined Broward’s industrial market through much of 2024 and 2025. (colliers.com) (assets.cushmanwakefield.com) Cushman & Wakefield put Broward’s average asking rent at $16.96 per square foot in the fourth quarter of 2025, up 4.9% from the prior quarter after new higher-priced buildings hit the market. (assets.cushmanwakefield.com) Newmark’s fourth-quarter 2025 report was lower at $15.53 per square foot, showing how brokerage datasets can diverge depending on property mix, timing, and what counts as available inventory. (nmrk.com) The top end of the market is still above the averages. Cushman said new buildings in Pompano Beach and Southeast Broward were asking more than $20 per square foot in late 2025. (assets.cushmanwakefield.com) That leaves tenants with a clearer negotiating range than a year ago: market averages in the $16 to $17 range, newer product above $20, and more vacancy than Broward had when supply was scarcer. (warehousesmarket.com) (colliers.com) (assets.cushmanwakefield.com) Colliers said 854,000 square feet remained under construction at mid-April, but called the pipeline thinner than the recent delivery surge, pointing to a market that is no longer moving in one direction. (colliers.com)