Sunrise Office Market Trends

Office Rental Market

  • $29.78 2019 Avg. Asking Rent
  • 6.85 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Sunrise was $29.78 per square foot, and the office vacancy rate across the market averaged 6.85 %. During 2019, developers added 0 square feet of new office space to the Sunrise market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Sunrise Class A Office Buildings$32.25
  • Sunrise Class B Office Buildings$21.38
  • FL Class A Office Buildings$37.07
  • FL Class B Office Buildings$23.53
  • FL Class C Office Buildings$18.02

Sunrise, FL Office Asking Rents by Class

OFFICE CONSTRUCTION IN Sunrise, FL

  • Sunrise, FL Total Sqft completed in 2019 0
  • Sunrise, FL Total Sqft under construction in 2020 0
10 Largest Office Buildings in Sunrise
Building name Address Total Sqft Year built
Sawgrass Technology Park - Buildings A, B, C, D, E, F, G, H, J, N & P 1601 NW 136th Avenue, 33323 518,225 1984
American Express at Sunrise Corporate Center 1500 NW 136th Avenue, 33323 443,000 2017
Sawgrass Lakes Center 13450 W Sunrise Blvd, 33323 239,373 2000
Sawgrass Pointe I 1000 Sawgrass Corporate Pkwy, 33323 230,471 2001
Sawgrass International Corporate Park - 1500 Concord Terrace 1500 Concord Terrace, 33323 188,746 1995
Lake Shore Plaza II 1300 Concord Terrace, 33323 145,000 2008
Lake Shore Plaza 1301 International Pkwy, 33323 140,160 2006
789 & 799 International Pkwy 789 International Pkwy, 33325 112,791 1999
William "Bill" King VA Clinic 9800 West Commercial Blvd, 33351 107,000 2008
Sunrise Corporate Plaza 1300 Sawgrass Corporate Pkwy, 33323 106,648 1999
Largest Office Properties Recently Completed in Sunrise
Office building Address Sqft Completed
American Express at Sunrise Corporate Center 1500 NW 136th Avenue, 33323 443,000 2017
Sawgrass International Corporate Park - 1391 NW 136th Avenue 1391 NW 136th Avenue, 33323 64,241 2009
Indian Trace Commons 1398 SW 160th Avenue, 33326 28,010 2009
Lake Shore Plaza II 1300 Concord Terrace, 33323 145,000 2008
William "Bill" King VA Clinic 9800 West Commercial Blvd, 33351 107,000 2008
Sawgrass Pointe II 1200 Sawgrass Corporate Pkwy, 33323 94,353 2008
Park 68 4617 NW 103rd Avenue, 33351 30,000 2007
Concorde Plaza 510 Shotgun Road, 33326 73,660 2005
Sawgrass Commerce Center - Building A 13800 NW 14th Street, 33323 69,814 2003
1600 Sawgrass Corporate Pkwy 1600 Sawgrass Corporate Pkwy, 33323 98,205 2002
Data provided by Commercial Edge

Office Spaces for Rent in Florida

SUNRISE OFFICE SALES TRENDS

  • $194.062019 Avg. Price per Sqft
  • -10.83 %Y-o-Y Avg. PpSF Change
  • $266.4M2019 Office Sales Volume
  • 82019 Number of Transactions

In 2019, office sales in Sunrise averaged $194.06 per square foot. This marked a -10.83 % decrease in office price per square foot, compared to the previous year. A total of 8 office sales closed on the Sunrise office market in 2019, amounting to a total sales volume of $266.4M.

Average Office Sale Price per Sqft

Sunrise, FL Sales Trends

  • Sunrise Price per Sqft$194.06
  • Florida Price per Sqft$190.50

Office Sales - Trend and Volume

  • Sunrise, FL Total Office Sales Volume in 2019 $266.4M
  • Sunrise, FL Total Number of Office Sales Closed in 2019 8

Largest Sunrise Office Sales in 2019

Property name Address Date Price
Sawgrass Technology Park - Buildings A, B, C, D, E, F, G, H, J, N & P 1601 NW 136th Avenue 3/4/2019 $74,250,000
789 & 799 International Pkwy 789 International Pkwy 11/19/2019 $32,650,000
1340 Concord Terrace 1340 Concord Terrace 7/29/2019 $32,500,000
Sawgrass International Corporate Park - Corporate Centre III 1601 Sawgrass Corporate Pkwy 10/23/2019 $23,413,990
International Place I 1560 Sawgrass Corporate Pkwy 10/23/2019 $21,320,600
Data provided by Commercial Edge

See trends for nearby markets

The Sunrise office market contains an inventory of 4,681,392 square feet of office space, in 64 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Sunrise 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.