2020 Office Space Rent & Sales
- $24.14 2020 Avg. Asking Rent
- 3.29% Y-o-Y Avg. Asking Rent Change
- 16.62% 2020 Office Vacancy Rate
Pompano Beach office price per square foot in 2020 was $24.14 on average. This marked a +3.29% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.62% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Pompano Beach Class A Office Space$31.47
- Pompano Beach Class B Office Space$22.28
- Pompano Beach Class C Office Space$19.13
- Florida Class A Office Space$37.78
- Florida Class B Office Space$23.96
- Florida Class C Office Space$18.38
Pompano Beach, FL Office Asking Rents by Class
Average office rent in Pompano Beach rested at $24.14 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Pompano Beach averaged $31.47 per square foot. Across all submarkets, class B office space recorded an average asking rent of $22.28 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $19.13 per square foot, on average. Comparably, statewide Florida average office rents by class in 2020 were: $37.78 per square foot for class A office space; $23.96 per square foot for class B office space; $18.38 per square foot for class C office space.
2020 Office Construction in Pompano Beach, FL
- Pompano Beach, FL Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Pompano Beach office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|400 North Federal Hwy||400 North Federal Hwy, 33062||12,510||2011|
|1540 South Federal Hwy||1540 South Federal Hwy, 33062||13,214||2010|
|2900 Center Port Circle||2900 Center Port Circle, 33064||18,091||2002|
|470 & 480 South Andrews Avenue||480 South Andrews Avenue, 33069||18,108||2001|
|2041-2095 North Dixie Hwy||2041 North Dixie Hwy, 33060||31,894||1988|
|4701 North Federal Hwy||4701 North Federal Hwy, 33064||25,839||1988|
|Century Plaza||50 East Sample Road, 33064||23,582||1988|
|Cypress Park West I & II||6700 North Andrews Avenue, 33334||225,757||1987|
|The Andrews Square Medical and Professional Building||150 SW 12th Avenue, 33069||50,535||1987|
|404 East Atlantic Blvd||404 East Atlantic Blvd, 33060||11,740||1987|
Worth noting among recent office completions on the Pompano Beach market is 400 North Federal Hwy, which is currently the largest new office development in the city, at 12,510 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Pompano Beach 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 CommercialEdge can guarantee that the information provided is complete.