2300 Hayes Street
Central Hollywood / Dixie Corridor — Warehouse Market
What's Happening Now
After three years of compounding double-digit rent growth, asking rents have flattened entering 2026. Some landlords are testing modest reductions on slower units, but rates remain roughly double 2021 levels.CoStar / Ken's Trends, 2025
The Broward industrial market closed Q1 2025 at 4.1% vacancy, up modestly from 4.0% a year earlier. The Miami-Dade market sits at 5.7% (up from 5.3% Q4 2024). The uptick is rollover-driven: tenants who locked rates in 2021–2022 are facing renewal decisions at near-double rents and some are downsizing or relocating. 1,000 new residents move to Florida every day, so for every tenant leaving, a new one is arriving.Berger Commercial / ComReal, Q1 2025
Last-mile and infill small-bay product is posting vacancy below 5% across most U.S. markets — one of the most competitive industrial sub-segments. Hollywood's corridor inventory of 2,000–10,000 SF small-bay buildings sits squarely in this tight segment. Owner-users are competing directly with last-mile distributors for the same product.Matthews Industrial Outlook, Feb 2026
National 2026 industrial deliveries are projected to fall 70%+ from the pandemic peak. New starts in 2025 ran 25% below the 2017–2019 average. Replacement-cost rents are running roughly 20% above current Class A market rents, which continues to suppress new construction. Result: existing well-located inventory is becoming structurally scarcer.PwC / ULI Emerging Trends 2026
Stirling Logistics Center in Hollywood traded for $38.27M ($387/SF) in early 2026 — a Class-A logistics asset, but a useful upper-bound reference for the Hollywood industrial market. Smaller-bay vintage product trades at a discount to this institutional-quality benchmark, which is reflected in the corridor $/SF range above.CRE News, March 2026
Holders consolidating multiple parcels along the Grant / Johnson / Hayes cross-streets have been notable buyers in the last 24 months. Several entities now control multi-parcel blocks — meaningful for owners considering exit timing or individual parcels considering a strategic merge with neighbors.
These benchmarks reflect arm's-length transactions and direct-lease asking rents for warehouses in Central Hollywood / Dixie Corridor and adjacent corridors. Actual value for any specific property depends on its condition, in-place leases, deferred maintenance, and capex history — none of which is captured in submarket benchmarks. A property of this type and size, applied against the above ranges, would derive a value range from public-records math. That derivation is not a Broker's Opinion of Value.
A walkthrough tightens this range significantly.
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Schedule a Walkthrough or call (561) 571-8245Important Disclosures
Not a listing. The property described on this page is not listed for sale or lease by Justin Crow or Mattis Advisors. Justin Crow has no listing authority for this property and does not represent the owner unless explicitly engaged in a written agreement.
Not an appraisal. Nothing on this page constitutes an appraisal, a Broker's Opinion of Value, or a Broker Price Opinion under Florida Statute 475.612. The submarket benchmarks shown are general market observations and are not specific opinions of value for this property.
Public records. All property data is sourced from the Broward County Property Appraiser's public records and is reproduced here for informational purposes. Property data may be inaccurate or out of date. Justin Crow makes no warranty as to the accuracy or completeness of any information on this page.
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About. Justin Crow is a Florida-licensed real estate associate operating under Mattis Advisors. Brokerage activity is conducted through Mattis Advisors.
The Central Hollywood / Dixie Corridor is one of South Florida's last remaining workhorse industrial corridors — predominantly 1950s and 1960s small-bay warehouses, mostly under 10,000 SF, mostly owner-occupied or held with month-to-month tenancies. The sub-corridor sits within the broader Hollywood industrial submarket, one of Broward County's primary industrial nodes alongside Pompano Beach and Pembroke Pines.
Across South Florida, warehouse rental rates have roughly doubled over the past three years — from gross rates in the $12/SF range entering 2022 to the low-to-mid $20s today, with smaller-bay properties commanding a premium and the best small-bay stock surpassing $25/SF gross.
Recent transaction data from comparable warehouses in this segment establishes the following submarket benchmarks: