Plantation Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $29.69 2023 Avg. Asking Rent
  • 23.15% 2023 Office Vacancy Rate
  • $88.3M2023 Total Office Sales
  • $193.94Avg. Sale Price/SF

Plantation office price per square foot in 2023 was $29.69 on average. The local office market recorded an average vacancy rate of 23.15% across all asset classes combined. The 5 transactions that closed here throughout 2023 amounted to a total sale volume of $88.3M. Plantation office space commanded an average sale price per square foot of $193.94.

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

Average Rent by Office Class

2023 Average Office Rent per Square Foot

  • Plantation Class A & A+ Office Space$32.03
  • Plantation Class B Office Space$22.44
  • Plantation Class C Office Space$20.44
  • Florida Class A & A+ Office Space$36.87
  • Florida Class B Office Space$27.52
  • Florida Class C Office Space$32.32

Plantation, FL Office Asking Rents by Class

Average office rent in Plantation rested at $29.69 per square foot in 2023. 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 Plantation averaged $32.03 per square foot. Across all submarkets, class B office space recorded an average asking rent of $22.44 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $20.44 per square foot, on average. Comparably, statewide Florida average office rents by class in 2023 were: $36.87 per square foot for class A office space; $27.52 per square foot for class B office space; $32.32 per square foot for class C office space.

Office Spaces for Rent in Florida

Plantation Office Sale Price per SF

  • $193.942023 Avg. Price per SF
  • -41.05%Y-o-Y Avg. PpSF Change
  • $88.3M2023 Office Sales Volume
  • 52023 Number of Transactions

Plantation, FL Sale Price per SF Trend

  • Plantation Avg. Sale Price per SF in 2023$193.94
  • Florida Avg. Sale Price per SF in 2023$213.92
Plantation office space cost in 2023 marked a -41.05% change compared to the previous year. The sale price for office space in Plantation averaged $193.94 per square foot in 2023, across all market subdivisions and asset classes. Conversely, the statewide Florida average office sale price during the same time period was $213.92 per square foot.

2023 Office Sales Volume

  • Plantation, FL Total Office Sales Volume in 2023 $88.3M
  • Plantation, FL Total Number of Office Sales Closed in 2023 5
A total of 5 deals closed on the Plantation office market in 2023, adding up to a yearly sales volume of $88.3M. Notably, the largest transaction on the market saw Cornerstone One Corporate Center change hands for $37,935,000 on 4/4/2023.
Data provided by Commercial Edge

Coworking Spaces in Florida

2023 Office Construction in Plantation, FL

Largest Office Properties Recently Completed in Plantation
Office building Address SF Completed
Royal Palm Office Park - Royal Palm II 900 South Pine Island Road, 33324 240,102 2007
Royal Palm Office Park - Royal Palm I 1000 South Pine Island Road, 33324 240,308 2000
Plantation Walk Office 261 N University Dr, 33324 171,129 1999
Atrium Office Park 851 SW 78th Avenue, 33324 96,506 1998
Plantation Corporate Center II 1600 SW 80th Terrace, 33324 123,549 1997
Atrium Office Park 865 Sw 78Th Avenue, 33324 96,506 1997
Southpointe Medical Center 600 Pine Island Road, 33324 47,020 1996
Plantation Corporate Center I 1601 SW 80th Terrace, 33324 120,646 1994
Plantation Professional Plaza 301 NW 84th Avenue, 33324 29,289 1992
Cornerstone One 1200 S Pine Island Rd, 33324 170,000 1991

Worth noting among recent office completions on the Plantation market is Royal Palm Office Park - Royal Palm II, which is currently the largest new office development in the city, at 240,102 square feet.

Data provided by Commercial Edge

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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Plantation 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.