Pembroke Pines Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $36.24 2024 Avg. Asking Rent
  • 7.77% 2024 Office Vacancy Rate

Pembroke Pines office price per square foot in 2024 was $36.24 on average. The local office market recorded an average vacancy rate of 7.77% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Florida Class A & A+ Office Space$40.20
  • Florida Class B Office Space$27.71
  • Florida Class C Office Space$22.62

Pembroke Pines, FL Office Asking Rents by Class

2024 Office Vacancy Rates in Pembroke Pines

Submarket Asking Rents Vacancy Rates
Hollywood $52.41 21.58%
Pembroke Pines $37.09 14.16%
Miramar $32.66 9.31%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Pembroke Pines market was 7.77% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Pembroke Pines was 9.31% in the Miramar submarket, while the highest office vacancy in the market was 21.58%, recorded in Hollywood.

Office Spaces for Rent in Florida

Coworking Spaces in Florida

2024 Office Construction in Pembroke Pines, FL

Largest Office Properties Recently Completed in Pembroke Pines
Office building Address SF Completed
The Edison - Building 1 1200 SW 145th Avenue, 33027 165,000 2019
Pembroke Pointe - A 880 SW 145th Ave, 33027 143,535 2015
Power Financial Credit Union 2020 NW 150th Ave, 33028 58,676 2003
Office property in Pembroke Pines, FL 2010 NW 150th Ave, 33028 45,997 2001
Office property in Pembroke Pines, FL 2000 NW 150th Ave, 33028 31,196 2000
University Marketplace 8330 Pines Blvd, 33025 125,704 1990
Centrum Plaza Suite #401 1 SW 129th Ave Suite 401, 33027 4,100 1990

Worth noting among recent office completions on the Pembroke Pines market is The Edison - Building 1, which is currently the largest new office development in the city, at 165,000 square feet.

Data provided by Yardi Research

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Pembroke Pines commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.