In a year full of unforeseen challenges, Cushman & Wakefield’s South Florida Industrial Team broke records and set new standards for industrial commercial real estate in Broward and Palm Beach counties. The team completed 94 transactions (12 sales and 82 leases) in 2020 totaling $313.7 million in total transaction value. That total marks a more than 20% increase compared to 2019’s total transaction value of $252 million.

One of the team’s most notable deals of the year was the sale of a 99-acre development site at Palm Beach Park of Commerce, which will lead to the creation of several hundred jobs for the area.

When South Florida locked down last spring, the Cushman & Wakefield team had to quickly develop new and creative ways to market and tour properties. They employed a local South Florida firm to produce virtual walk-thru tours of their properties, as well as drone aerial tours to help prospective buyers and tenants feel as if they were touring the property live.