Homes For Sale in Broward, FL

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Services for Real Estate Pros with InboundREM

Broward, FL

 

Community and Real Estate Information

With 1.9 million residents, Broward county comes next to the most populous location in the state while having a total of 31 municipalities within its borders. Broward county shares a pretty fair amount of large industrial submarkets. Broward county is divided into three parts: Southeast Broward, Southwest Broward, and Northeast Broward, all classified for having their fair share of industrial submarkets. This county, compared to Miami Industrial Submarket, is only half of its geographic size. Despite having a slight difference of higher operating costs and rental rates, it is undeniably dominated by business and institutional owners, mainly because Broward country features an advantageous venue for big-box distribution centers for its large users. This county is ideal for companies or small businesses that want to establish and rent their commercial real estate properties while having a couple of good and considerable options. Having a preferable exposure to industrial submarkets, businesses can take a step further to use these and expand their products and services. 

 

Broward County’s industrial statistics show that it has a total of 137,000,000 square feet, 29,000,000 of it being under construction while having an average sale price of $159 per square foot, $13.7 per square foot for market rentals, and a vacancy rate of 7.4%

 

Check out the original neighborhood post at https://patmcbride.com/.

 

Nearby Businesses 

Broward County is ideally exposed to large industrial submarkets or businesses like Fort Lauderdale, Fort Lauderdale-Holywood International Airport, Port Everglades, Sunrise, Pompano Beach, Deerfield Beach, Coral Springs, Miramar, Weston, Davie, and Pembroke Pines, Oakland Park, and so much more.

 

Check out the original neighborhood post at https://patmcbride.com/.

 

Business Opportunities 

From a business perspective, Broward County is the apple of the eye, as it is mainly advantageous to potential investors who want to take a competitive and profitable path in establishing their businesses. Being exposed to numerous industrial submarkets, Broward County presents a wide array of real estate properties that offer retail, office, industrial, commercial, logistics, business, and specialty buildings.

 

Check out the original neighborhood post at https://patmcbride.com/.

 

Important Considerations

Objectively, Broward County also has its own set of disadvantages that must be considered by individuals who plan to acquire real estate properties here. One popular disadvantage is higher rates, similar to Miami-Dade County, adequate urban communities in the east are commonly pricey regarding real estate property. High-class properties with higher rates and operating expenses must always be considered. This disadvantage can be derived from the fact that Broward County is highly densified by both population and various business opportunities of its very own market.

 

Check out the original neighborhood post at https://patmcbride.com/.

Broward, FL Market Report:

Households: 690,050
Median Listing Home Price: $349,900
Median Listing Home Price Per Sqft: $232
Median Rent: $2,056
Average Days on Market: 70
Home Ownership Percentage: 62.1%

Broward, FL Community Report:

Population: 1,984,840
Average Household Income: $91,222
Median Age: 39.7
Associate's Degree or Higher: 31.9%
Elderly Percentage: 15.82%
Cost of Living Score: 112.3

 

If you would like to receive a FREE Competitive Market Analysis, contact me today.

 

Let me help you find your perfect industrial space!

If you require a Buyer's Agent to represent you during your transaction, please feel free to contact our office at 305-619-2937. We would be glad to work with you to get the best deal possible for your transaction.

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POSTED BY:

 

Pat McBride

305-619-2937

8200 NW 41st Street Suite 155
Doral, FL 33166

https://patmcbride.com/

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