Commercial Real Estate Market in Pembroke Pines, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
97 active listings and 959 off-market properties in Pembroke Pines, FL. Commercial property asks $386/SF to buy and $40.56/SF/Yr to lease.
Market Trends
Pembroke Pines, FL spans 71.4 square miles in Broward County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Pembroke Pines, FL asks $332/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Pembroke Pines, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Pembroke Pines, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Pembroke Pines, FL asks $382/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Pembroke Pines, FL has 385,625 residents in 141,315 households. Density runs 5,402 people per square mile. Median household income here is $84,873 and median gross rent $1,899 a month.
385,625
Population
141,315
Households
2.7
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
71.4 sq mi
ZIP Area
5,402
Density / Sq Mi
$84,873
Median Household Income
$44,701
Median Earnings
$1,899
Median Rent
$400,923
Median Home Value
Tools
Lease vs Buy Breakeven
At $40.56/SF/Yr lease vs $386/SF buy → buying wins if held > 1.3 years.
The comparison uses county-wide sale comps against Pembroke Pines asking rents, so the implied 10.5% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hollywood | $386 (county avg) | $26.79 |
| Miramar | $386 (county avg) | $17.02 |
| Davie | $386 (county avg) | $21.08 |
Commercial property in Pembroke Pines, FL asks $386/SF. The 3 bordering markets run from $386/SF in Hollywood to $386/SF in Hollywood, and the city sits in line with their $386/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pembroke Pines?
Commercial property in Pembroke Pines, FL asks an average of $386 per square foot. The 8 most recent recorded sales traded at a median of $445/SF. Multifamily carries the highest asking price at $382/SF.
How much does it cost to lease commercial space in Pembroke Pines?
Asking lease rates in Pembroke Pines, FL average $40.56 per square foot per year.
Is it cheaper to lease or buy commercial space in Pembroke Pines?
Buying beats leasing in Pembroke Pines, FL if the property is held longer than 1.3 years, comparing $40.56/SF/Yr asking rent with $386/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Pembroke Pines compare to nearby markets on price?
Pembroke Pines, FL asks $386/SF against $386/SF in Hollywood, $386/SF in Miramar and $386/SF in Davie.
Where does Realmo's Pembroke Pines market data come from?
Realmo compiles Pembroke Pines, FL figures from 8 recent recorded sales, 45 active sale listings, 52 active lease listings, 959 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 45 active for-sale and 52 active for-lease listings in Pembroke Pines, FL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
