Sell Your Commercial Property In Broward County, FL

Who rents in Broward County

Renters head 274,613 of the 753,956 occupied households in Broward County, a 36.4% share in the 2020-2024 ACS. Owners still outnumber them, with 479,343 households. Broward County's renter base is concentrated in its larger cities, where apartment stock is heaviest.

Fort Lauderdale posts the highest renter share among covered cities at 45.9%, followed by Pompano Beach at 44.5% and Hollywood at 41.1%. Pompano Beach also carries the largest share of units in 5+ unit buildings, at 56.3%, well above the Broward County figure of 41.4%. Suburban cities such as Miramar and Pembroke Pines lean more toward owner-occupied single-family homes.

Rents, growth and affordability

Broward County's median gross rent climbed 37.0%, from $1,392 to $1,907, between the 2015-2019 and 2020-2024 surveys. Population grew far more slowly over the same span, up 2.6% to 1,977,129 residents. Renter households rose 5.1%, adding 13,245 households.

Supply grew too. Units in 5+ unit buildings in Broward County grew 6.8%, an increase of 22,784 units. Median household income rose 30.4% to $77,633, keeping pace with much of the rent increase.

Rent burden runs high in Broward County. In the 2020-2024 ACS, 65.2% of renters paid 30% or more of income on gross rent. HUD's FY2027 two-bedroom Fair Market Rent for the Fort Lauderdale HUD Metro FMR Area is $2,321, effective October 1, 2026, a full $414 above the county's $1,907 median gross rent.

Employment in Broward County grew 4.5% to 1,010,306 workers over the same comparison period, adding 43,810 jobs. That job growth helps explain why landlords in Broward County have kept vacancy relatively tight even as rents climbed.

City-by-city comparison

Rent and vacancy vary widely across Broward County's covered cities. Plantation posts the highest median gross rent at $2,240, while Hollywood is the most affordable of the group at $1,653. Miramar runs the tightest rental vacancy at 2.0%, and Pompano Beach the loosest at 9.8%.

Coral Springs and Davie post similar rents, at $2,084 and $2,066, despite different renter shares. Sunrise runs 31.2% renters, matching Miramar exactly, yet carries a far higher 44.9% share of units in 5+ buildings. Deerfield Beach combines a below-county rent with a 51.5% apartment share, a mix buyers should price carefully.

Property taxes and assessment in Broward County

Broward County assesses apartment buildings and other non-homestead commercial property at just value each January 1, the standard Florida approach described in the state's statutory assessment rules. There is no homestead exemption on an investment or commercial parcel, and the Florida 10%-per-year cap on non-homestead assessment increases limits how fast a prior owner's taxable value could climb.

A sale can reset that trajectory. Once a Broward County property changes hands, the county's next annual valuation can move toward the new purchase price, so buyers underwrite the post-sale tax bill rather than the seller's current one. Florida's documentary stamp tax on deeds, $0.70 per $100 of consideration statewide, also applies at closing.

What this means if you sell in Broward County

When you sell commercial property in Broward County, FL, you sell into a deep and uneven renter market. Renters hold 36.4% of households countywide, but that share runs above 40% in Fort Lauderdale, Pompano Beach and Hollywood. The 6.6% rental vacancy rate is tight enough that buyers will test your current occupancy against each submarket's own numbers.

Taxes come next. Buyers model the appraisal that follows a sale, since Broward County's non-homestead cap resets once ownership changes. Florida law also preempts local rent-control ordinances outside a narrow, voter-approved emergency process, so rent levels stay market-driven across Broward County.

As a multifamily buyer in Broward County, FL, we review 5+ unit buildings from Fort Lauderdale to Deerfield Beach as they stand today. Send a current rent roll, a T-12 and your latest tax bill, and we will price the building on those numbers.