Fort Lauderdale Office Figures - Q2 2026

Net absorption in the latest quarter measured 22,000 sq. ft. This was an improvement of 132,000 sq. ft. from the prior quarter. Compared with the same period a year earlier, net absorption improved by 30,000 sq. ft. Year-to-date net absorption stood at negative 88,000 sq. ft. This compared with negative 209,000 sq. ft. at the same point a year earlier. Vacancy ended the quarter at 18.7%. It decreased by 10 basis points quarter-over-quarter. It increased by 10 basis points year-over-year. Availability was 23.0% at quarter end. It decreased by 120 basis points quarter-over-quarter. It decreased by 80 basis points year-over-year. The average asking rent reached $28.88 per sq. ft. The rent grew by 1.0% quarter-over-quarter. It increased by 8.1% year-over-year. 

Since the earliest period tracked, vacancy declined by 260 basis points. Over the same span, availability declined by 490 basis points. During that period, the average asking rent increased by 17.8%. Space under construction totaled 177,000 sq. ft. in the quarter. There were no new deliveries after a project of 50,000 sq. ft. earlier in the series. At the start of the series, quarterly deliveries were 300,000 sq. ft. Top new leases in the quarter totaled 113,000 sq. ft., all in the Cypress Creek submarket. Broward County signed 51,000 sq. ft. Global Graphs and Innovative Memorabilia Partners each leased 31,000 sq. ft.