Powerline Business Park_Photo Provided By Cushman & Wakefield 770x320

The 14 small-bay warehouses in Powerline Business Park last traded for $62.25 million in 2019. This solid gain in property value reflects the growth of industrial rents in Broward County.

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The tri-county region experienced a slight uptick in empty warehouse spaces in the fourth quarter, even though tenant demand remains high — except in Broward. Still, industrial landlords kept increasing asking rents.

Riviera Beach Aerial 1_Image Provided by CBRE 770x320

CBRE was hired as the exclusive agent for the redevelopment of three sites totaling approximately 80 acres across Riviera Beach. The City intends to optimize existing City owned parcels and replace aging structures by developing a mix of residential, commercial, and retail space.