According to Colliers, asking rents rose across South Florida in the fourth quarter of 2022. Broward County’s retail market vacancy rate decreased for the eighth consecutive quarter to 3.9% and hit a new high direct-asking rate,$26.84. The office-market vacancy rate increased for the second consecutive quarter to 10.7%. The industrial-market vacancy increased for the first time since Q2 2021 to 3.5%, and asking rates continued to increase.